Centrus Energy (NYSE:LEU) Shares Gap Up - Time to Buy?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $169.93, but opened at $175.00. Centrus Energy shares last traded at $173.52, with a volume of 134,721 shares.

Wall Street Analyst Weigh In

LEU has been the subject of several research reports. William Blair initiated coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Craig Hallum initiated coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price for the company. HC Wainwright started 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. Bank of America assumed coverage on Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 price target for the company. Finally, Evercore ISI assumed coverage on Centrus Energy in a report on Wednesday, May 14th. They set an "outperform" rating and a $145.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Centrus Energy has an average rating of "Moderate Buy" and a consensus price target of $146.00.

Centrus Energy Trading Up 0.8%

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 market cap of $2.92 billion, a PE ratio of 38.63 and a beta of 1.37. The company's 50-day moving average is $97.48 and its 200 day moving average is $85.78.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping 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 business posted ($0.38) earnings per share. The business's quarterly revenue was up 67.3% compared to the same quarter last year. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction 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. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its stake 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 worth $1,947,000 after buying an additional 188 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Centrus Energy by 77.4% during 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. Old West Investment Management LLC boosted its holdings in shares of Centrus Energy by 1.9% in the fourth 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 period. Summit Investment Advisors Inc. grew its stake in Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after purchasing an additional 195 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position 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 during the period. 49.96% of the stock is currently owned by hedge funds and other 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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