Centrus Energy (NYSE:LEU) Trading Down 4.5% – Time to Sell?

Centrus Energy Corp. (NYSE:LEU)’s share price dropped 4.5% on Tuesday . The stock traded as low as $73.00 and last traded at $73.43. Approximately 141,290 shares were traded 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.

Wall Street Analyst Weigh In

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

Centrus Energy Stock Down 1.3 %

The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm’s fifty day moving average is $87.68 and its 200 day moving average is $77.30. The stock has a market cap of $1.16 billion, a P/E ratio of 15.67 and a beta of 1.35.

Insiders Place Their Bets

In related news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total transaction of $481,240.00. Following the sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Centrus Energy

Several institutional investors have recently modified their holdings of LEU. Barclays PLC boosted its stake in Centrus Energy by 103.8% during the third quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after buying an additional 19,140 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Centrus Energy by 97.9% in the third quarter. Rockefeller Capital Management L.P. now owns 63,480 shares of the company’s stock worth $3,482,000 after purchasing an additional 31,408 shares in the last quarter. Geode Capital Management LLC lifted its stake in Centrus Energy by 4.9% during the third quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock worth $17,552,000 after purchasing an additional 15,080 shares during the period. Legacy Bridge LLC acquired a new stake in Centrus Energy during the fourth quarter valued at approximately $657,000. Finally, Algert Global LLC acquired a new position in shares of Centrus Energy in the 3rd quarter worth approximately $929,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.