Centrus Energy (NYSE:LEU) Shares Gap Down to $44.30

Centrus Energy Corp. (NYSE:LEU) shares gapped down prior to trading on Wednesday . The stock had previously closed at $44.30, but opened at $39.00. Centrus Energy shares last traded at $41.48, with a volume of 191,300 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LEU. Roth Mkm dropped their price objective on Centrus Energy from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. B. Riley restated a “buy” rating and issued a $72.00 target price on shares of Centrus Energy in a report on Tuesday, February 13th. StockNews.com upgraded Centrus Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, TheStreet upgraded Centrus Energy from a “d-” rating to a “c” rating in a report on Friday, February 9th.

Centrus Energy Stock Up 4.4 %

The company has a debt-to-equity ratio of 4.73, a current ratio of 1.45 and a quick ratio of 0.80. The firm has a market cap of $689.45 million, a PE ratio of 8.14 and a beta of 1.36. The business has a fifty day moving average price of $41.97 and a two-hundred day moving average price of $47.55.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Thursday, February 8th. The company reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $2.80. Centrus Energy had a negative return on equity of 491.41% and a net margin of 26.36%. The business had revenue of $103.60 million for the quarter, compared to the consensus estimate of $61.05 million. On average, analysts anticipate that Centrus Energy Corp. will post 2.71 EPS for the current fiscal year.

Insider Activity at Centrus Energy

In related news, SVP John M. A. Donelson sold 16,073 shares of Centrus Energy stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.24, for a total transaction of $646,777.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.40% of the company’s stock.

Institutional Trading of Centrus Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Centrus Energy by 6.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 761,229 shares of the company’s stock worth $41,418,000 after purchasing an additional 47,789 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Centrus Energy by 189.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 98,438 shares of the company’s stock worth $5,587,000 after purchasing an additional 64,421 shares during the last quarter. MRP Capital Investments LLC lifted its position in shares of Centrus Energy by 141.1% during the 3rd quarter. MRP Capital Investments LLC now owns 42,820 shares of the company’s stock worth $2,430,000 after purchasing an additional 25,060 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Centrus Energy during the 3rd quarter worth about $2,448,000. Finally, Vontobel Holding Ltd. increased its stake in Centrus Energy by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 6,046 shares of the company’s stock valued at $329,000 after acquiring an additional 569 shares during the period. Institutional investors and hedge funds 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.