Centrus Energy (NYSE:LEU) Sees Strong Trading Volume – Here’s What Happened

Shares of Centrus Energy Corp. (NYSE:LEU) saw unusually-high trading volume on Tuesday . Approximately 514,640 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 452,843 shares.The stock last traded at $68.85 and had previously closed at $76.46.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LEU. Roth Mkm lowered their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Finally, Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Performance

The stock has a market capitalization of $1.08 billion, a P/E ratio of 14.36 and a beta of 1.19. The stock’s 50-day simple moving average is $70.02 and its 200 day simple moving average is $52.22. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

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

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after purchasing an additional 188,478 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after acquiring an additional 176,431 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Centrus Energy by 53.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after acquiring an additional 51,836 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Centrus Energy by 15.8% in 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 acquiring an additional 46,254 shares during the last quarter. Finally, L & S Advisors Inc bought a new position in Centrus Energy in the third quarter valued at approximately $2,089,000. 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.