Centrus Energy (NYSE:LEU) Stock Price Down 4.5% – What’s Next?

Centrus Energy Corp. (NYSE:LEU)’s share price was down 4.5% during trading on Tuesday . The company traded as low as $73.00 and last traded at $73.43. Approximately 141,290 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 630,916 shares. The stock had previously closed at $76.87.

Analyst Ratings Changes

A number of analysts have recently weighed in on LEU shares. HC Wainwright assumed coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a “buy” rating and a $300.00 target price for the company. StockNews.com raised Centrus Energy to a “sell” rating in a report on Monday, February 10th. Finally, Citigroup initiated coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $147.00.

Centrus Energy Stock Performance

The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The stock has a market cap of $1.24 billion, a P/E ratio of 16.76 and a beta of 1.35. The stock has a fifty day simple moving average of $87.68 and a 200-day simple moving average of $77.08.

Insider Buying and Selling at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the transaction, the senior vice president now owns 9,402 shares of the company’s stock, valued at $1,131,154.62. The trade was a 29.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEU. Victory Capital Management Inc. lifted its holdings in shares of Centrus Energy by 117.4% during the 3rd quarter. Victory Capital Management Inc. now owns 16,431 shares of the company’s stock valued at $901,000 after purchasing an additional 8,874 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Centrus Energy by 5.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 114,683 shares of the company’s stock worth $6,290,000 after buying an additional 5,919 shares in the last quarter. Algert Global LLC acquired a new position in Centrus Energy during the third quarter valued at approximately $929,000. Daiwa Securities Group Inc. bought a new position in shares of Centrus Energy in the third quarter valued at $1,895,000. Finally, FMR LLC increased its stake in shares of Centrus Energy by 79.3% during 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 during the last quarter. 49.96% of the stock is currently owned by 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.