Centrus Energy (NYSE:LEU) Trading 6.3% Higher – What’s Next?

Centrus Energy Corp. (NYSE:LEU) was up 6.3% on Friday . The company traded as high as $78.98 and last traded at $78.69. Approximately 200,372 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 540,734 shares. The stock had previously closed at $74.06.

Wall Street Analyst Weigh In

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

Centrus Energy Trading Up 5.1 %

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The firm has a fifty day simple moving average of $75.49 and a two-hundred day simple moving average of $61.34. The firm has a market capitalization of $1.28 billion, a P/E ratio of 14.79 and a beta of 1.17.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of 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. lifted its holdings in Centrus Energy by 26.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock worth $323,000 after purchasing an additional 1,600 shares in the last quarter. American Century Companies Inc. boosted its stake in Centrus Energy by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 8,429 shares of the company’s stock worth $360,000 after purchasing an additional 2,116 shares during the period. Dimensional Fund Advisors LP grew its holdings in Centrus Energy by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after buying an additional 8,678 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Centrus Energy during the second quarter valued at about $42,000. 49.96% of the stock is owned by 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.