Centrus Energy (NYSE:LEU) Trading Up 6.6% – Still a Buy?

Centrus Energy Corp. (NYSE:LEU)’s share price was up 6.6% during trading on Monday . The stock traded as high as $116.72 and last traded at $116.05. Approximately 564,592 shares changed hands during trading, a decline of 34% from the average daily volume of 860,464 shares. The stock had previously closed at $108.91.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. 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 research report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Monday. Finally, B. Riley upped their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Centrus Energy Stock Up 4.1 %

The company has a market cap of $1.95 billion, a price-to-earnings ratio of 26.92 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The stock’s fifty day moving average is $78.19 and its two-hundred day moving average is $66.90.

Institutional Trading of Centrus Energy

Several institutional investors and hedge funds have recently made changes to their positions in LEU. Evermay Wealth Management LLC increased its position in shares of Centrus Energy by 3.5% during the 3rd quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock valued at $284,000 after purchasing an additional 175 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Centrus Energy by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock worth $345,000 after buying an additional 186 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after acquiring an additional 192 shares during the period. Cape Investment Advisory Inc. bought a new stake in Centrus Energy in the fourth quarter worth about $27,000. Finally, MRP Capital Investments LLC boosted its stake in Centrus Energy by 14.3% in the fourth quarter. MRP Capital Investments LLC now owns 3,795 shares of the company’s stock valued at $253,000 after acquiring an additional 475 shares during 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.