Centrus Energy (NYSE:LEU) Stock Price Down 4.5%

Centrus Energy Corp. (NYSE:LEU) shares fell 4.5% during trading on Thursday . The stock traded as low as $41.87 and last traded at $42.01. 81,139 shares traded hands during trading, a decline of 63% from the average session volume of 220,159 shares. The stock had previously closed at $44.00.

Analyst Ratings Changes

Several research firms have recently commented on LEU. StockNews.com upgraded Centrus Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Roth Mkm reduced 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, May 9th.

Centrus Energy Stock Performance

The company has a debt-to-equity ratio of 3.67, a current ratio of 1.44 and a quick ratio of 0.83. The firm has a market capitalization of $670.32 million, a price-to-earnings ratio of 9.35 and a beta of 1.34. The firm has a 50 day moving average price of $44.53 and a 200-day moving average price of $45.99.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.88). Centrus Energy had a net margin of 23.94% and a return on equity of 2,962.50%. The business had revenue of $43.70 million during the quarter, compared to analyst estimates of $72.70 million. As a group, sell-side analysts expect that Centrus Energy Corp. will post 2.61 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Centrus Energy by 189.4% during the third 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. Heartland Advisors Inc. purchased a new position in shares of Centrus Energy during the first quarter worth about $2,076,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Centrus Energy by 6.7% during the fourth 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. Price T Rowe Associates Inc. MD grew its holdings in shares of Centrus Energy by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after purchasing an additional 46,254 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Centrus Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after purchasing an additional 17,033 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.