Centrus Energy (NYSE:LEU) Stock Price Down 12.8% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) was down 12.8% on Thursday . The company traded as low as $294.57 and last traded at $294.3950. Approximately 850,324 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 1,306,579 shares. The stock had previously closed at $337.76.

Wall Street Analyst Weigh In

A number of analysts recently commented on LEU shares. Roth Mkm lifted their price target on Centrus Energy from $117.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. B. Riley raised their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Zacks Research raised shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. UBS Group set a $245.00 price target on shares of Centrus Energy in a research note on Tuesday, November 25th. Finally, William Blair reissued an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Centrus Energy currently has an average rating of “Moderate Buy” and an average price target of $253.33.

Centrus Energy Price Performance

The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. The firm has a market cap of $5.40 billion, a PE ratio of 45.34 and a beta of 1.24. The business has a fifty day moving average of $273.71 and a 200-day moving average of $271.42.

Centrus Energy (NYSE:LEU) last issued 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 25.04% and a return on equity of 37.14%. Centrus Energy’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. As a group, research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LEU. Comerica Bank raised its position in shares of Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Centrus Energy by 57.6% in the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after purchasing an additional 6,312 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Centrus Energy by 45.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after buying an additional 17,014 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Centrus Energy by 12.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,236 shares of the company’s stock worth $1,271,000 after buying an additional 787 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Centrus Energy by 2,084.6% during the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock valued at $52,000 after acquiring an additional 271 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Company Profile

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.