Centrus Energy (NYSE:LEU) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Centrus Energy (NYSE:LEU) from a sell rating to a hold rating in a research note released on Friday.

LEU has been the topic of several other reports. TheStreet raised Centrus Energy from a d- rating to a c rating in a report on Friday, February 9th. B. Riley reaffirmed a buy rating and set a $72.00 price objective on shares of Centrus Energy in a report on Tuesday, February 13th.

Centrus Energy Stock Up 1.6 %

Shares of LEU opened at $41.28 on Friday. The stock has a market capitalization of $647.27 million, a price-to-earnings ratio of 7.64 and a beta of 1.39. Centrus Energy has a 1 year low of $24.88 and a 1 year high of $61.35. The business’s 50 day simple moving average is $41.96 and its 200-day simple moving average is $48.50. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.45 and a quick ratio of 0.80.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Thursday, February 8th. The company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $2.80. The business had revenue of $103.60 million for the quarter, compared to analysts’ expectations of $61.05 million. Centrus Energy had a negative return on equity of 491.41% and a net margin of 26.36%. As a group, equities analysts expect that Centrus Energy will post 2.71 earnings per share for the current fiscal year.

Insider Activity at Centrus Energy

In related news, SVP John M. A. Donelson sold 16,073 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.24, for a total transaction of $646,777.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management purchased a new stake in Centrus Energy during the 3rd quarter valued at $29,000. Osaic Holdings Inc. increased its stake in Centrus Energy by 132.2% in the second quarter. Osaic Holdings Inc. now owns 966 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the period. McIlrath & Eck LLC purchased a new stake in Centrus Energy in the fourth quarter worth $32,000. Ameritas Investment Partners Inc. increased its stake in Centrus Energy by 36.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,014 shares of the company’s stock worth $33,000 after purchasing an additional 273 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Centrus Energy in the second quarter worth $47,000. Hedge funds and other institutional investors 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.