Centrus Energy (NYSE:LEU) Stock Price Down 6% – Here’s Why

Centrus Energy Corp. (NYSE:LEU) traded down 6% during mid-day trading on Tuesday . The company traded as low as $74.07 and last traded at $76.67. 467,826 shares were traded during trading, a decline of 22% from the average session volume of 598,517 shares. The stock had previously closed at $81.58.

Analysts Set New Price Targets

LEU has been the topic of a number of analyst reports. B. Riley upped their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Roth Mkm lowered their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Performance

The company has a market cap of $1.19 billion, a P/E ratio of 15.12 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average is $77.96 and its two-hundred day moving average is $59.89.

Centrus Energy (NYSE:LEU) last released its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The firm had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. Equities analysts predict that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Trading of Centrus Energy

A number of institutional investors have recently modified their holdings of the business. FMR LLC lifted its stake in Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after purchasing an additional 188,478 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Centrus Energy by 53.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after acquiring an additional 51,836 shares during the last quarter. L & S Advisors Inc purchased a new position in shares of Centrus Energy during the third quarter worth about $2,089,000. Decade Renewable Partners LP bought a new position in shares of Centrus Energy in the second quarter worth approximately $1,479,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Centrus Energy in the third quarter valued at approximately $1,895,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.