Centrus Energy (NYSE:LEU) Shares Down 4.3% – What’s Next?

Centrus Energy Corp. (NYSE:LEU) traded down 4.3% during trading on Tuesday . The company traded as low as $74.00 and last traded at $74.68. 1,737,789 shares traded hands during trading, an increase of 352% from the average session volume of 384,564 shares. The stock had previously closed at $78.00.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LEU shares. StockNews.com upgraded Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm dropped their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, B. Riley upped their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Down 0.6 %

The firm has a 50-day moving average price of $62.63 and a two-hundred day moving average price of $49.85. The company has a market capitalization of $1.42 billion, a P/E ratio of 18.08 and a beta of 1.19. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44.

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

Hedge Funds Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEU. Private Advisor Group LLC grew its holdings in shares of 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in Centrus Energy by 207.3% in the 1st quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock valued at $419,000 after buying an additional 6,807 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. Russell Investments Group Ltd. lifted its holdings in shares of 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 acquiring an additional 766 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Centrus Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after buying an additional 17,033 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.