Centrus Energy (NYSE:LEU) Trading 7% Higher

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price rose 7% during trading on Friday . The company traded as high as $47.05 and last traded at $46.70. 324,759 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 198,862 shares. The stock had previously closed at $43.64.

Wall Street Analyst Weigh In

LEU has been the topic of a number of recent analyst reports. StockNews.com raised shares of Centrus Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, April 30th. Roth Mkm reduced their price target on shares of Centrus Energy from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, May 9th. TheStreet raised Centrus Energy from a "d-" rating to a "c" rating in a research note on Friday, February 9th. Finally, B. Riley reaffirmed a "buy" rating and set a $72.00 price objective on shares of Centrus Energy in a report on Tuesday, February 13th.

Centrus Energy Stock Up 6.8 %

The company has a debt-to-equity ratio of 3.67, a current ratio of 1.44 and a quick ratio of 0.83. The firm has a market capitalization of $730.84 million, a price-to-earnings ratio of 10.13 and a beta of 1.36. The firm's 50-day moving average price is $42.22 and its 200 day moving average price is $47.27.

Insider Activity at Centrus Energy

In related news, SVP John M. A. Donelson sold 16,073 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.24, for a total value of $646,777.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Old West Investment Management LLC increased its holdings in shares of Centrus Energy by 105.0% during the 3rd quarter. Old West Investment Management LLC now owns 328,881 shares of the company's stock worth $18,667,000 after buying an additional 168,425 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Centrus Energy by 189.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 98,438 shares of the company's stock worth $5,587,000 after purchasing an additional 64,421 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Centrus Energy in the first quarter valued at approximately $2,076,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Centrus Energy by 6.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 761,229 shares of the company's stock valued at $41,418,000 after buying an additional 47,789 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Centrus Energy by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company's stock valued at $14,048,000 after buying an additional 46,254 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company's stock.

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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