Centrus Energy (NYSE:LEU) Shares Gap Down – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares gapped down prior to trading on Thursday . The stock had previously closed at $63.05, but opened at $60.87. Centrus Energy shares last traded at $58.44, with a volume of 385,760 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Roth Mkm downgraded shares of Centrus Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $62.00 in a report on Thursday. Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, StockNews.com raised Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Centrus Energy has a consensus rating of “Hold” and a consensus price target of $67.00.

Centrus Energy Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47. The company’s 50 day moving average is $44.47 and its 200 day moving average is $44.05. The firm has a market capitalization of $931.00 million, a price-to-earnings ratio of 13.05 and a beta of 1.32.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $1.12. The firm had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. On average, equities research analysts anticipate that Centrus Energy Corp. will post 3.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its position in shares of Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after purchasing an additional 51,836 shares during the period. Decade Renewable Partners LP acquired a new position in shares of Centrus Energy in the 2nd quarter valued at approximately $1,479,000. Heartland Advisors Inc. bought a new stake in shares of Centrus Energy during the 1st quarter worth approximately $2,076,000. Price T Rowe Associates Inc. MD lifted 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 period. Finally, Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 17,033 shares in the last quarter. 49.96% of the stock is 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.