Centrus Energy (NYSE:LEU) Stock Price Down 5.1% - Should You Sell?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares were down 5.1% on Monday . The company traded as low as $238.00 and last traded at $236.62. Approximately 547,402 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 896,884 shares. The stock had previously closed at $249.34.

Analysts Set New Price Targets

Several research firms recently weighed in on LEU. Bank of America started coverage on Centrus Energy in a report on Wednesday, June 4th. They set a "buy" rating and a $160.00 price target on the stock. Northland Securities assumed coverage on shares of Centrus Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $205.00 price objective on the stock. UBS Group upgraded shares of Centrus Energy to a "hold" rating and set a $215.00 price objective on the stock in a report on Monday. JPMorgan Chase & Co. initiated coverage on Centrus Energy in a research report on Thursday, June 26th. They set a "neutral" rating and a $148.00 target price on the stock. Finally, Evercore ISI set a $205.00 target price on Centrus Energy and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.64.

Centrus Energy Trading Up 3.4%

The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The business's 50-day moving average price is $163.73 and its 200 day moving average price is $108.39. The company has a market cap of $4.04 billion, a P/E ratio of 53.82 and a beta of 1.45.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its earnings results 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%. During the same quarter in the previous year, the company posted ($0.38) EPS. The firm's revenue for the quarter was up 67.3% compared to the same quarter last year. As a group, analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Centrus Energy

Several institutional investors have recently modified their holdings of LEU. Nuveen Asset Management LLC raised its stake in Centrus Energy by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after buying an additional 188 shares during the period. USA Financial Formulas purchased a new position in shares of Centrus Energy during the second quarter valued at about $35,000. Old West Investment Management LLC raised its stake in shares of Centrus Energy by 1.9% during the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock valued at $676,000 after acquiring an additional 192 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Centrus Energy by 16.2% in the fourth 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. Institutional investors and hedge funds own 49.96% of the company's stock.

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.