Centrus Energy (NYSE:LEU) Reaches New 52-Week Low – What’s Next?

Centrus Energy Corp. (NYSE:LEU) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $146.67 and last traded at $146.0020, with a volume of 559090 shares changing hands. The stock had previously closed at $156.02.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $246.00 price target on Centrus Energy in a research note on Thursday, February 12th. UBS Group cut their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Citigroup cut their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings lowered Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Stock Up 2.6%

The business has a fifty day moving average of $189.51 and a 200 day moving average of $225.98. The firm has a market cap of $3.20 billion, a P/E ratio of 53.88, a P/E/G ratio of 18.14 and a beta of 1.34. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The business had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, equities research analysts predict that Centrus Energy Corp. will post 2.7 EPS for the current year.

Insider Buying and Selling

In related news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Centrus Energy by 38.5% in the first quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock valued at $59,000 after purchasing an additional 94 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Centrus Energy by 98.4% in the first quarter. Glenmede Trust Co. NA now owns 2,877 shares of the company’s stock worth $499,000 after acquiring an additional 1,427 shares in the last quarter. Vestor Capital LLC bought a new stake in shares of Centrus Energy in the first quarter worth about $55,000. Western Wealth Management LLC bought a new stake in shares of Centrus Energy in the first quarter worth about $31,000. Finally, Altshuler Shaham Ltd increased its holdings in shares of Centrus Energy by 11.8% in the first quarter. Altshuler Shaham Ltd now owns 3,004 shares of the company’s stock worth $521,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.