Centrus Energy (NYSE:LEU) Stock Price Down 1.9% Following Insider Selling

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) dropped 1.9% during trading on Monday after an insider sold shares in the company. The company traded as low as $123.26 and last traded at $124.51. Approximately 266,291 shares changed hands during trading, a decline of 65% from the average daily volume of 755,102 shares. The stock had previously closed at $126.92.

Specifically, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LEU shares. Evercore ISI initiated coverage on shares of Centrus Energy in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price objective for the company. Craig Hallum started coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price target for the company. HC Wainwright started coverage on Centrus Energy in a research report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. Wall Street Zen raised Centrus Energy to a "sell" rating in a research report on Monday, February 10th. Finally, Citigroup initiated coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.00.

Centrus Energy Trading Up 7.3%

The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The business has a 50 day simple moving average of $81.02 and a two-hundred day simple moving average of $81.34. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 31.97 and a beta of 1.14.

Centrus Energy (NYSE:LEU - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The business's revenue for the quarter was up 67.3% on a year-over-year basis. As a group, equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Institutional Trading of Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Anatole Investment Management Ltd acquired a new stake in Centrus Energy during the fourth quarter valued at approximately $27,880,000. Reaves W H & Co. Inc. bought a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $15,215,000. Soros Fund Management LLC bought a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $14,821,000. Voloridge Investment Management LLC raised its position in shares of Centrus Energy by 1,300.5% during the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock valued at $15,664,000 after acquiring an additional 218,364 shares in the last quarter. Finally, Granahan Investment Management LLC acquired a new stake in shares of Centrus Energy during the 1st quarter valued at approximately $13,440,000. 49.96% of the stock is owned by institutional investors.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.