Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 117,381 shares were traded during mid-day trading, a decline of 36% from the previous session's volume of 184,700 shares.The stock last traded at $43.60 and had previously closed at $42.93.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on LEU shares. B. Riley reiterated a "buy" rating and issued a $72.00 price objective on shares of Centrus Energy in a report on Tuesday, February 13th. TheStreet upgraded shares of Centrus Energy from a "d-" rating to a "c" rating in a report on Friday, February 9th. Finally, StockNews.com upgraded shares of Centrus Energy from a "sell" rating to a "hold" rating in a report on Tuesday.
Check Out Our Latest Stock Report on Centrus Energy
Centrus Energy Stock Performance
The firm has a market capitalization of $675.01 million, a price-to-earnings ratio of 7.97 and a beta of 1.39. The stock's fifty day moving average is $41.56 and its two-hundred day moving average is $47.91. The company has a quick ratio of 0.80, a current ratio of 1.45 and a debt-to-equity ratio of 4.73.
Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $3.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $2.80. The business had revenue of $103.60 million for the quarter, compared to the consensus estimate of $61.05 million. Centrus Energy had a net margin of 26.36% and a negative return on equity of 491.41%. On average, analysts predict that Centrus Energy Corp. will post 2.71 earnings per share for the current year.
Insider Buying and Selling
In other Centrus Energy news, SVP John M. A. Donelson sold 16,073 shares of Centrus Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.24, for a total transaction of $646,777.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Centrus Energy
A number of institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 acquiring an additional 47,789 shares during the period. Old West Investment Management LLC boosted its position in shares of Centrus Energy by 105.0% in the third quarter. Old West Investment Management LLC now owns 328,881 shares of the company's stock valued at $18,667,000 after acquiring an additional 168,425 shares during the period. Goehring & Rozencwajg Associates LLC boosted its position in shares of Centrus Energy by 3.5% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 160,193 shares of the company's stock valued at $8,716,000 after acquiring an additional 5,355 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Centrus Energy by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,571 shares of the company's stock valued at $5,418,000 after acquiring an additional 1,133 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Centrus Energy by 1.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 84,870 shares of the company's stock valued at $4,817,000 after acquiring an additional 811 shares during the period. Institutional investors own 49.96% of the company's stock.
About Centrus Energy
(
Get Free Report)
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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