Centrus Energy (NYSE:LEU) Trading Up 1.1% – What’s Next?

Shares of Centrus Energy Corp. (NYSE:LEU) were up 1.1% during mid-day trading on Thursday . The company traded as high as $146.83 and last traded at $142.53. Approximately 488,377 shares changed hands during trading, a decline of 37% from the average daily volume of 769,258 shares. The stock had previously closed at $141.00.

Analyst Ratings Changes

LEU has been the topic of a number of analyst reports. Craig Hallum began coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 target price on the stock. Wall Street Zen upgraded shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. Citigroup began coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective on the stock. Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday. They issued a “buy” rating and a $160.00 target price on the stock. Finally, Evercore ISI began coverage on shares of Centrus Energy in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $145.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Centrus Energy Stock Performance

The stock’s 50-day simple moving average is $83.99 and its 200 day simple moving average is $82.16. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market capitalization of $2.40 billion, a PE ratio of 32.45 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period in the previous year, the firm posted ($0.38) earnings per share. Centrus Energy’s revenue for the quarter was up 67.3% compared to the same quarter last year. As a group, research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Anatole Investment Management Ltd purchased a new stake in Centrus Energy during the fourth quarter valued at about $27,880,000. Reaves W H & Co. Inc. acquired a new stake in shares of Centrus Energy in the fourth quarter worth $15,215,000. Soros Fund Management LLC bought a new position in Centrus Energy in the fourth quarter worth $14,821,000. Voloridge Investment Management LLC lifted its holdings in shares of Centrus Energy by 1,300.5% during the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock valued at $15,664,000 after acquiring an additional 218,364 shares during the period. Finally, Granahan Investment Management LLC bought a new position in shares of Centrus Energy during the first quarter valued at $13,440,000. 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.