Centrus Energy (NYSE:LEU) Shares Up 3.4% – What’s Next?

Centrus Energy Corp. (NYSE:LEU)’s stock price shot up 3.4% during mid-day trading on Monday . The company traded as high as $176.62 and last traded at $167.77. 699,105 shares changed hands during trading, a decline of 13% from the average session volume of 801,614 shares. The stock had previously closed at $162.24.

Analyst Upgrades and Downgrades

LEU has been the topic of a number of recent research reports. Citigroup initiated coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price on the stock. Bank of America began coverage on shares of Centrus Energy in a report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 price target for the company. Craig Hallum initiated coverage on Centrus Energy in a report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 target price on the stock. William Blair initiated coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an “outperform” rating on the stock. Finally, Evercore ISI began coverage on shares of Centrus Energy in a research note on Wednesday, May 14th. They set an “outperform” rating and a $145.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Centrus Energy presently has a consensus rating of “Moderate Buy” and an average target price of $146.00.

Centrus Energy Stock Up 4.0%

The firm’s 50-day moving average price is $95.19 and its 200-day moving average price is $85.23. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 38.29 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same period last year, the firm earned ($0.38) EPS. The firm’s quarterly revenue was up 67.3% on a year-over-year basis. Sell-side analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LEU. Wellington Management Group LLP bought a new stake in Centrus Energy in the fourth quarter valued at about $3,474,000. Vontobel Holding Ltd. lifted its stake in Centrus Energy by 79.7% during the fourth quarter. Vontobel Holding Ltd. now owns 9,922 shares of the company’s stock worth $658,000 after purchasing an additional 4,402 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Centrus Energy in the fourth quarter worth $765,000. American Century Companies Inc. boosted its holdings in Centrus Energy by 72.8% in the fourth quarter. American Century Companies Inc. now owns 23,768 shares of the company’s stock worth $1,583,000 after purchasing an additional 10,011 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Centrus Energy by 20.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,604 shares of the company’s stock valued at $507,000 after purchasing an additional 1,316 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

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.