Centrus Energy (NYSE:LEU) Stock Price Down 1.8% - Here's Why

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares were down 1.8% on Thursday . The company traded as low as $151.00 and last traded at $177.96. Approximately 1,388,170 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 840,015 shares. The stock had previously closed at $181.18.

Analyst Ratings Changes

Several research firms recently commented on LEU. William Blair started coverage on shares of Centrus Energy in a research report on Wednesday, May 28th. They issued an "outperform" rating for the company. Bank of America initiated coverage on Centrus Energy in a research report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 target price on the stock. Craig Hallum assumed coverage on Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective on the stock. Evercore ISI reiterated an "outperform" rating and set a $205.00 price objective (up previously from $145.00) on shares of Centrus Energy in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. initiated coverage on Centrus Energy in a research report on Thursday. They set a "neutral" rating and a $148.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $165.63.

Centrus Energy Trading Down 3.6%

The stock has a market cap of $2.87 billion, a P/E ratio of 38.24 and a beta of 1.36. The business's 50 day simple moving average is $116.50 and its 200 day simple moving average is $91.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating 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%. Centrus Energy's quarterly revenue was up 67.3% compared to the same quarter last year. During the same period last year, the business posted ($0.38) EPS. On average, 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 other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was 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 at this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction dated 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. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently bought and sold shares of the stock. Cape Investment Advisory Inc. bought a new position in Centrus Energy during the 4th quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in Centrus Energy in the 4th quarter valued at approximately $225,000. Reaves W H & Co. Inc. bought a new position in Centrus Energy during the 4th quarter worth $15,215,000. Charles Schwab Investment Management Inc. lifted its position in shares of Centrus Energy by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,392 shares of the company's stock worth $8,086,000 after purchasing an additional 6,709 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Centrus Energy during the 4th quarter worth about $370,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.