Centrus Energy (NYSE:LEU) Shares Up 2.8% - What's Next?

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. B. Riley reiterated a "buy" rating and issued a $221.00 target price (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Bank of America assumed coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 target price on the stock. William Blair began coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Craig Hallum started coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price for the company. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $205.00 price target (up from $145.00) on shares of Centrus Energy in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $165.63.

Centrus Energy Trading Up 0.1%

The company has a market capitalization of $3.01 billion, a P/E ratio of 40.04 and a beta of 1.45. The company has a fifty day simple moving average of $125.20 and a two-hundred day simple moving average of $94.28. 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 posted its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The company's quarterly revenue was up 67.3% compared to the same quarter last year. During the same period last year, the company posted ($0.38) earnings per share. On average, analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP John M. A. Donelson sold 3,732 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction that occurred 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 owned by insiders.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares during the period. Stone House Investment Management LLC bought a new position in Centrus Energy during the first quarter valued at about $28,000. State of Wyoming acquired a new position in Centrus Energy in the 4th quarter valued at approximately $33,000. Comerica Bank lifted its position 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 acquiring an additional 560 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Centrus Energy during the 4th quarter worth approximately $49,000. 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.