Centrus Energy (NYSE:LEU) Shares Down 4.8% – Here’s Why

Centrus Energy Corp. (NYSE:LEU) fell 4.8% during trading on Monday . The company traded as low as $86.27 and last traded at $86.64. 297,657 shares changed hands during trading, a decline of 38% from the average session volume of 480,536 shares. The stock had previously closed at $91.00.

Analyst Ratings Changes

Several research firms have recently commented on LEU. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. B. Riley upped their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Roth Mkm reduced their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Down 7.5 %

The business’s 50 day moving average price is $77.41 and its 200-day moving average price is $54.59. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 17.50 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The company had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. On average, research analysts forecast that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. lifted its stake in shares of Centrus Energy by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock valued at $6,822,000 after acquiring an additional 22,605 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Centrus Energy during the 3rd quarter worth approximately $281,000. The Manufacturers Life Insurance Company bought a new stake in shares of Centrus Energy during the second quarter worth approximately $233,000. Vontobel Holding Ltd. raised its stake in shares of Centrus Energy by 17.3% during the third quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock worth $303,000 after buying an additional 815 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after buying an additional 51,836 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.