Centrus Energy (NYSE:LEU) Trading 2.8% Higher - What's Next?

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) shot up 2.8% on Monday . The stock traded as high as $174.43 and last traded at $173.44. 349,983 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 851,249 shares. The stock had previously closed at $168.65.

Wall Street Analyst Weigh In

A number of research firms have commented on LEU. Craig Hallum began coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target for the company. William Blair assumed coverage on Centrus Energy in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. started coverage on Centrus Energy in a report on Thursday. They issued a "neutral" rating and a $148.00 price objective for the company. Evercore ISI restated an "outperform" rating and issued a $205.00 target price (up previously from $145.00) on shares of Centrus Energy in a research report on Wednesday, June 18th. Finally, B. Riley reaffirmed a "buy" rating and issued a $221.00 target price (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $165.63.

Centrus Energy Trading Up 8.6%

The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The firm's fifty day moving average is $120.94 and its two-hundred day moving average is $93.18. The firm has a market cap of $3.12 billion, a P/E ratio of 41.54 and a beta of 1.36.

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 quarter last year, the business posted ($0.38) EPS. Centrus Energy's revenue was up 67.3% on a year-over-year basis. Analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Centrus Energy

In other Centrus Energy 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction on Friday, May 30th. The shares were 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. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC grew its stake in shares of Centrus Energy by 0.6% in 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 last quarter. PNC Financial Services Group Inc. boosted 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 acquiring an additional 192 shares in the last quarter. Old West Investment Management LLC grew its stake 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 acquiring an additional 192 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after acquiring an additional 195 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake 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 worth $280,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 49.96% of the company's stock.

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.