Centrus Energy (NYSE:LEU) Trading Down 6.7% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s share price fell 6.7% during mid-day trading on Wednesday . The stock traded as low as $85.28 and last traded at $85.42. 673,312 shares were traded during trading, an increase of 55% from the average session volume of 433,241 shares. The stock had previously closed at $91.51.

Analyst Ratings Changes

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

Centrus Energy Price Performance

The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.17 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The company has a fifty day simple moving average of $66.78 and a two-hundred day simple moving average of $51.28.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.4 earnings per share for the current year.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in Centrus Energy by 43.6% during the 1st quarter. Private Advisor Group LLC now owns 8,314 shares of the company’s stock worth $345,000 after purchasing an additional 2,523 shares during the period. BNP Paribas Financial Markets boosted its position in Centrus Energy by 207.3% during the 1st quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock worth $419,000 after purchasing an additional 6,807 shares during the period. Russell Investments Group Ltd. boosted its position in Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after purchasing an additional 766 shares during the period. Vanguard Group Inc. boosted its position in Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after purchasing an additional 17,033 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Centrus Energy by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after purchasing an additional 46,254 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.