Centrus Energy (NYSE:LEU) Shares Gap Up – Still a Buy?

Centrus Energy Corp. (NYSE:LEU) gapped up prior to trading on Monday . The stock had previously closed at $85.99, but opened at $90.24. Centrus Energy shares last traded at $91.76, with a volume of 239,728 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com raised Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Roth Mkm lowered shares of Centrus Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $55.00 to $62.00 in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Centrus Energy Trading Up 7.6 %

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 price is $53.78 and its two-hundred day moving average price is $46.96. The firm has a market cap of $1.51 billion, a PE ratio of 16.44 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 for the quarter, topping the consensus estimate of $0.77 by $1.12. The company had revenue of $189.00 million during 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%. As a group, sell-side analysts forecast that Centrus Energy Corp. will post 3.06 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Evermay Wealth Management LLC raised its stake in Centrus Energy by 3.5% in the third quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock worth $284,000 after buying an additional 175 shares in the last quarter. Old West Investment Management LLC raised its stake in Centrus Energy by 3.3% during the second quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock worth $423,000 after purchasing an additional 316 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Centrus Energy by 10.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock worth $244,000 after buying an additional 525 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Centrus Energy by 2.8% in the first quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after acquiring an additional 766 shares in the last quarter. Finally, nVerses Capital LLC increased its position in Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.