Centrus Energy (NYSE:LEU) Stock Price Down 7.6% – What’s Next?

Shares of Centrus Energy Corp. (NYSE:LEU) traded down 7.6% on Wednesday . The stock traded as low as $182.45 and last traded at $183.92. 199,983 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,008,187 shares. The stock had previously closed at $199.13.

Analysts Set New Price Targets

A number of research analysts have commented on LEU shares. Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a research report on Thursday, February 12th. B. Riley Financial cut their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Roth Mkm reiterated a “neutral” rating and issued a $137.00 price objective on shares of Centrus Energy in a research report on Wednesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.18.

Centrus Energy Stock Down 7.6%

The business has a fifty day moving average of $192.16 and a 200 day moving average of $230.65. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The firm has a market cap of $3.62 billion, a P/E ratio of 60.95, a P/E/G ratio of 23.88 and a beta of 1.34.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.60 earnings per share. On average, equities research analysts predict that Centrus Energy Corp. will post 2.65 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Centrus Energy by 126.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock worth $90,265,000 after acquiring an additional 207,316 shares in the last quarter. American Century Companies Inc. grew its position in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after purchasing an additional 194,909 shares during the period. Van ECK Associates Corp increased its stake in Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after purchasing an additional 160,482 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Centrus Energy by 43.3% during the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after buying an additional 143,069 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Centrus Energy by 217.4% in the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after buying an additional 109,960 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.