Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares were down 2.3% during trading on Tuesday . The stock traded as low as $142.31 and last traded at $142.76. Approximately 260,380 shares traded hands during trading, a decline of 67% from the average daily volume of 781,978 shares. The stock had previously closed at $146.08.
Wall Street Analyst Weigh In
LEU has been the topic of several research analyst reports. Evercore ISI began coverage on Centrus Energy in a report on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price objective on the stock. Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target on the stock. HC Wainwright initiated coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. Craig Hallum initiated coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price objective for the company. Finally, Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.00.
Check Out Our Latest Report on Centrus Energy
Centrus Energy Price Performance
The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The company's 50 day simple moving average is $88.98 and its 200 day simple moving average is $83.60. The company has a market capitalization of $2.69 billion, a PE ratio of 35.86 and a beta of 1.37.
Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The firm's revenue was up 67.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.38) earnings per share. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.
Insider Activity at Centrus Energy
In other news, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Institutional Trading of Centrus Energy
A number of hedge funds have recently added to or reduced their stakes in LEU. Nuveen Asset Management LLC increased its holdings in shares of Centrus Energy by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after purchasing an additional 188 shares during the period. PNC Financial Services Group Inc. grew its position in Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after buying an additional 192 shares during the last quarter. Old West Investment Management LLC raised its position in Centrus Energy by 1.9% during the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock worth $676,000 after buying an additional 192 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Centrus Energy by 16.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after acquiring an additional 195 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Centrus Energy by 4.6% in the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock valued at $280,000 after acquiring an additional 200 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.
Centrus Energy Company Profile
(
Get Free Report)
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.
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