Centrus Energy (NYSE:LEU) Trading Up 6.3% – Here’s Why

Centrus Energy Corp. (NYSE:LEU)’s share price shot up 6.3% during mid-day trading on Tuesday . The company traded as high as $264.06 and last traded at $267.3160. 91,737 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,144,501 shares. The stock had previously closed at $251.36.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LEU shares. Evercore ISI lifted their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. HC Wainwright restated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, November 7th. UBS Group set a $245.00 price target on Centrus Energy in a report on Tuesday, November 25th. Finally, Bank of America reissued a “neutral” rating and issued a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and a consensus target price of $227.60.

Centrus Energy Stock Up 5.8%

The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market capitalization of $4.84 billion, a PE ratio of 60.24 and a beta of 1.56. The firm’s 50-day simple moving average is $321.10 and its 200 day simple moving average is $235.28.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same quarter last year, the firm posted ($0.30) earnings per share. Centrus Energy’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Trading of Centrus Energy

A number of institutional investors have recently bought and sold shares of LEU. Farther Finance Advisors LLC boosted its position in shares of Centrus Energy by 15.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock worth $101,000 after buying an additional 43 shares in the last quarter. Rothschild Investment LLC raised its position in Centrus Energy by 54.9% during the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Lido Advisors LLC raised its position in Centrus Energy by 4.2% during the third quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after acquiring an additional 46 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Centrus Energy by 59.4% in the third quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $52,000 after purchasing an additional 63 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of Centrus Energy by 5.9% in the third quarter. Xponance Inc. now owns 1,231 shares of the company’s stock valued at $382,000 after purchasing an additional 69 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other 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.