Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) dropped 6.9% during trading on Wednesday . The stock traded as low as $177.00 and last traded at $178.99. Approximately 831,583 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 832,494 shares. The stock had previously closed at $192.18.
Analyst Ratings Changes
LEU has been the topic of several analyst reports. Citigroup initiated coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 target price on the stock. Evercore ISI reiterated an "outperform" rating and issued a $205.00 target price (up from $145.00) on shares of Centrus Energy in a report on Wednesday, June 18th. JPMorgan Chase & Co. started coverage on Centrus Energy in a report on Thursday. They issued a "neutral" rating and a $148.00 target price on the stock. Craig Hallum started coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price objective on the stock. Finally, Bank of America began coverage on Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Centrus Energy presently has an average rating of "Hold" and a consensus price target of $165.63.
Get Our Latest Stock Report on Centrus Energy
Centrus Energy Trading Down 3.6%
The business has a 50 day moving average of $118.53 and a two-hundred day moving average of $92.28. 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 firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 38.24 and a beta of 1.36.
Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (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 company posted ($0.38) EPS. The company's revenue for the quarter was up 67.3% compared to the same quarter last year. Equities analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.
Insider Buying and Selling
In related news, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the firm's stock in a transaction 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 currently owned by company insiders.
Institutional Trading of Centrus Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. Cape Investment Advisory Inc. bought a new position in shares of Centrus Energy during the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. boosted its stake 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. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy in the 1st quarter worth approximately $28,000. State of Wyoming purchased a new position in shares of Centrus Energy in the 4th quarter worth approximately $33,000. Finally, Comerica Bank boosted its stake in shares of Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company's stock worth $41,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company's stock.
About Centrus Energy
(
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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