Centrus Energy (NYSE:LEU) Shares Down 3.6% - Should You Sell?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares traded down 3.6% on Friday . The stock traded as low as $167.50 and last traded at $168.74. 565,135 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 845,785 shares. The stock had previously closed at $174.96.

Wall Street Analysts Forecast Growth

LEU has been the subject of a number of recent research reports. Evercore ISI reissued an "outperform" rating and set a $205.00 price objective (up previously from $145.00) on shares of Centrus Energy in a research report on Wednesday, June 18th. B. Riley reissued a "buy" rating and set a $221.00 price target (up previously from $134.00) on shares of Centrus Energy in a report on Monday. JPMorgan Chase & Co. started coverage on Centrus Energy in a research report on Thursday. They issued a "neutral" rating and a $148.00 price target for the company. Bank of America started coverage on Centrus Energy in a research report on Wednesday, June 4th. They set a "buy" rating and a $160.00 price objective on the stock. Finally, Craig Hallum began coverage on Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $165.63.

Centrus Energy Stock Performance

The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The business has a 50 day moving average price of $116.50 and a two-hundred day moving average price of $91.50. The stock has a market cap of $2.83 billion, a P/E ratio of 37.77 and a beta of 1.36.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted ($0.38) EPS. The company's revenue was up 67.3% compared to the same quarter last year. On average, sell-side analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. bought a new stake in Centrus Energy in the fourth quarter worth $27,000. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy in the 1st quarter worth $28,000. PNC Financial Services Group Inc. increased its holdings in shares of Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after buying an additional 192 shares during the last quarter. State of Wyoming bought a new stake in shares of Centrus Energy in the 4th quarter worth about $33,000. Finally, Comerica Bank raised its position in shares of Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company's stock valued at $41,000 after buying an additional 560 shares in the last quarter. 49.96% of the stock is currently 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.

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