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

Centrus Energy Corp. (NYSE:LEU)’s share price gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

A number of analysts recently commented on LEU shares. Roth Mkm dropped their price target on Centrus Energy from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Monday, July 1st.

Centrus Energy Stock Up 16.4 %

The company’s 50-day moving average is $43.68 and its 200 day moving average is $44.02. The company has a market capitalization of $656.67 million, a PE ratio of 9.10 and a beta of 1.33. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.83 and a current ratio of 1.44.

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 analysts’ consensus estimates of $0.50 by ($0.88). The firm had revenue of $43.70 million during the quarter, compared to analysts’ expectations of $72.70 million. Centrus Energy had a return on equity of 2,962.50% and a net margin of 23.94%. As a group, analysts anticipate that Centrus Energy Corp. will post 2.61 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Centrus Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after buying an additional 17,033 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Centrus Energy by 15.8% during the first 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. Sara Bay Financial increased its position in Centrus Energy by 3.9% in the second quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after buying an additional 12,514 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Centrus Energy by 382.1% in the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after buying an additional 176,431 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Centrus Energy by 3.5% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 160,193 shares of the company’s stock valued at $8,716,000 after buying an additional 5,355 shares in the last quarter. Hedge funds and other 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.