Centrus Energy (NYSE:LEU) Shares Gap Up to $36.00

Centrus Energy Corp. (NYSE:LEU) shares gapped up prior to trading on Wednesday . The stock had previously closed at $36.00, but opened at $43.79. Centrus Energy shares last traded at $40.92, with a volume of 72,920 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LEU shares. Roth Mkm lowered their price target on Centrus Energy from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Monday, July 1st.

Centrus Energy Price Performance

The company’s fifty day moving average is $43.68 and its 200 day moving average is $44.02. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 3.67. The firm has a market cap of $656.67 million, a price-to-earnings ratio of 9.10 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.88). The company had revenue of $43.70 million during the quarter, compared to the consensus estimate of $72.70 million. Centrus Energy had a net margin of 23.94% and a return on equity of 2,962.50%. On average, equities research analysts predict that Centrus Energy Corp. will post 2.61 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Heartland Advisors Inc. acquired a new position in Centrus Energy during the first quarter worth approximately $2,076,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 acquiring an additional 46,254 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Centrus Energy by 1.2% in the 4th 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. Vontobel Holding Ltd. lifted its holdings in Centrus Energy by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 6,046 shares of the company’s stock valued at $329,000 after purchasing an additional 569 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Centrus Energy by 207.3% in the first quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock valued at $419,000 after purchasing an additional 6,807 shares during the period. 49.96% of the stock is owned by institutional investors.

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.