Centrus Energy (NYSE:LEU) Shares Gap Down - Here's What Happened

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $123.50, but opened at $118.00. Centrus Energy shares last traded at $122.75, with a volume of 193,578 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. William Blair assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Citigroup started coverage on Centrus Energy in a research report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price target for the company. Wall Street Zen upgraded Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Evercore ISI started coverage on Centrus Energy in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 target price for the company. Finally, HC Wainwright started coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Centrus Energy currently has a consensus rating of "Hold" and a consensus target price of $143.67.

Centrus Energy Trading Up 7.7%

The stock has a market cap of $2.25 billion, a PE ratio of 30.42 and a beta of 1.14. 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 firm has a fifty day simple moving average of $79.77 and a two-hundred day simple moving average of $80.99.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned ($0.38) EPS. Centrus Energy's revenue was up 67.3% on a year-over-year basis. As a group, equities analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In related news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

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

Centrus Energy Company Profile

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.