Centrus Energy (NYSE:LEU) Trading Down 4.9% – Should You Sell?

Centrus Energy Corp. (NYSE:LEU)’s share price dropped 4.9% during mid-day trading on Thursday . The company traded as low as $85.25 and last traded at $86.11. Approximately 523,242 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 321,852 shares. The stock had previously closed at $90.53.

Analyst Ratings Changes

LEU has been the topic of a number of analyst reports. Roth Mkm downgraded shares of Centrus Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $55.00 to $62.00 in a research report on Thursday, October 10th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Finally, Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of “Hold” and an average price target of $67.00.

Centrus Energy Stock Up 0.8 %

The business’s 50 day moving average is $53.78 and its 200 day moving average is $46.91. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.90 and a beta of 1.32. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $0.77 by $1.12. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. The business had revenue of $189.00 million during the quarter, compared to analysts’ expectations of $82.70 million. Sell-side analysts anticipate that Centrus Energy Corp. will post 3.06 earnings per share for the current year.

Institutional Trading of Centrus Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after purchasing an additional 176,431 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Centrus Energy by 53.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after purchasing an additional 51,836 shares during the period. Heartland Advisors Inc. acquired a new position in shares of Centrus Energy in the 1st quarter valued at $2,076,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Centrus Energy by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares during the period. Finally, Decade Renewable Partners LP acquired a new position in shares of Centrus Energy in the 2nd quarter valued at $1,479,000. 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.