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

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

Analyst Ratings Changes

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

Centrus Energy Stock Down 1.7 %

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 has a 50-day simple moving average of $77.96 and a two-hundred day simple moving average of $59.89. The stock has a market cap of $1.19 billion, a P/E ratio of 15.12 and a beta of 1.17.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LEU. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after buying an additional 1,754 shares in the last quarter. Rhumbline Advisers boosted its stake in Centrus Energy by 4.1% during the second quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock worth $990,000 after acquiring an additional 917 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Centrus Energy by 26.9% during the second quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock worth $323,000 after acquiring an additional 1,600 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Centrus Energy by 33.5% during the second quarter. American Century Companies Inc. now owns 8,429 shares of the company’s stock valued at $360,000 after purchasing an additional 2,116 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Centrus Energy by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after purchasing an additional 8,678 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.