Centrus Energy (NYSE:LEU) Stock Price Down 6.4% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) fell 6.4% during trading on Thursday . The company traded as low as $169.50 and last traded at $169.8090. Approximately 367,729 shares were traded during trading, a decline of 60% from the average session volume of 913,774 shares. The stock had previously closed at $181.49.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LEU. Barclays began coverage on shares of Centrus Energy in a research note on Tuesday, August 18th. They issued an “equal weight” rating and a $207.00 target price for the company. Bank of America cut their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group initiated coverage on shares of Centrus Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $169.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $236.79.

Centrus Energy Stock Down 7.7%

The business has a 50-day moving average price of $175.20 and a 200-day moving average price of $184.74. The stock has a market cap of $3.34 billion, a PE ratio of 76.34, a price-to-earnings-growth ratio of 22.71 and a beta of 1.33. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. Centrus Energy’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 EPS. As a group, analysts forecast that Centrus Energy Corp. will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vermillion Wealth Management Inc. increased its stake in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Centrus Energy in the first quarter valued at approximately $31,000. Fulcrum Asset Management LLP acquired a new stake in shares of Centrus Energy in the third quarter worth approximately $34,000. Leonteq Securities AG acquired a new stake in shares of Centrus Energy in the first quarter worth approximately $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.