Centrus Energy (NYSE:LEU) Shares Down 9% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) traded down 9% during trading on Monday . The stock traded as low as $89.51 and last traded at $89.42. 359,317 shares were traded during mid-day trading, a decline of 59% from the average session volume of 883,796 shares. The stock had previously closed at $98.27.

Analyst Ratings Changes

Several research analysts have commented on the stock. Roth Mkm decreased their target price 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. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. HC Wainwright assumed coverage on shares of Centrus Energy in a research report on Tuesday. They issued a “buy” rating and a $300.00 target price for the company. Finally, B. Riley upped their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Hold” and an average price target of $161.33.

Centrus Energy Trading Up 6.7 %

The business’s 50 day moving average price is $84.46 and its two-hundred day moving average price is $71.55. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 21.20 and a beta of 1.17. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Insider Transactions at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at approximately $1,131,154.62. This represents a 29.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Centrus Energy

A number of institutional investors have recently made changes to their positions in LEU. Private Advisor Group LLC acquired a new stake in shares of Centrus Energy in the 3rd quarter worth approximately $348,000. Evermay Wealth Management LLC lifted its stake in Centrus Energy by 3.5% during the third quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock valued at $284,000 after purchasing an additional 175 shares during the last quarter. Heritage Investors Management Corp acquired a new stake in Centrus Energy during the third quarter valued at approximately $203,000. CWA Asset Management Group LLC acquired a new stake in Centrus Energy during the third quarter valued at approximately $244,000. Finally, Diamond Hill Capital Management Inc. lifted its stake in Centrus Energy by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock valued at $6,822,000 after purchasing an additional 22,605 shares during the last quarter. 49.96% of the stock is 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.