Centrus Energy (NYSE:LEU) Shares Up 3.7% – Here’s Why

Centrus Energy Corp. (NYSE:LEU)’s stock price was up 3.7% during mid-day trading on Tuesday . The stock traded as high as $86.75 and last traded at $86.22. Approximately 121,032 shares traded hands during trading, a decline of 75% from the average daily volume of 475,863 shares. The stock had previously closed at $83.17.

Analyst Ratings Changes

A number of research firms have recently commented on LEU. B. Riley raised their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Roth Mkm cut their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Roth Capital lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Price Performance

The firm has a market capitalization of $1.40 billion, a PE ratio of 18.54 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The business’s 50 day moving average is $73.98 and its two-hundred day moving average is $53.44.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). The company had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Centrus Energy in the second quarter worth approximately $42,000. Wolff Wiese Magana LLC bought a new position in shares of Centrus Energy during the 2nd quarter valued at $43,000. nVerses Capital LLC raised its position in Centrus Energy by 133.3% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after purchasing an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Centrus Energy by 181.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after purchasing an additional 1,754 shares during the period. Finally, Heritage Investors Management Corp purchased a new stake in Centrus Energy during the third quarter valued at about $203,000. 49.96% of the stock is currently owned by institutional investors.

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.