Centrus Energy (NYSE:LEU) Trading Up 5.2% – What’s Next?

Centrus Energy Corp. (NYSE:LEU) rose 5.2% during mid-day trading on Thursday . The company traded as high as $95.78 and last traded at $95.54. Approximately 323,702 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 664,639 shares. The stock had previously closed at $90.81.

Analyst Ratings Changes

Several research analysts have issued reports on LEU shares. B. Riley raised their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Roth Mkm reduced their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Centrus Energy currently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

The company has a market cap of $1.51 billion, a price-to-earnings ratio of 19.21 and a beta of 1.17. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average price is $76.08 and its 200 day moving average price is $62.84.

Centrus Energy (NYSE:LEU) last posted its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. On average, analysts expect that Centrus Energy Corp. will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after acquiring an additional 188,478 shares during the period. Geode Capital Management LLC increased its holdings in shares of Centrus Energy by 4.9% during the third quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after purchasing an additional 15,080 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Centrus Energy by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after purchasing an additional 8,678 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after purchasing an additional 51,836 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its position in Centrus Energy by 22.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock valued at $6,822,000 after buying an additional 22,605 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.