Centrus Energy (NYSE:LEU) Shares Down 3.9%

Centrus Energy Corp. (NYSE:LEU)’s stock price fell 3.9% during trading on Tuesday . The stock traded as low as $39.22 and last traded at $39.26. 77,858 shares changed hands during trading, a decline of 60% from the average session volume of 193,794 shares. The stock had previously closed at $40.87.

Wall Street Analyst Weigh In

Several brokerages have commented on LEU. StockNews.com raised Centrus Energy from a “sell” rating to a “hold” rating in a report on Monday. TheStreet raised shares of Centrus Energy from a “d-” rating to a “c” rating in a research report on Friday, February 9th. Finally, B. Riley reaffirmed a “buy” rating and set a $72.00 price objective on shares of Centrus Energy in a report on Tuesday, February 13th.

Centrus Energy Price Performance

The company has a current ratio of 1.45, a quick ratio of 0.80 and a debt-to-equity ratio of 4.73. The firm has a fifty day moving average price of $44.39. The stock has a market capitalization of $648.99 million, a PE ratio of 7.67 and a beta of 1.39.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $2.80. The business had revenue of $103.60 million during the quarter, compared to the consensus estimate of $61.05 million. Centrus Energy had a net margin of 26.36% and a negative return on equity of 491.41%. As a group, equities analysts expect that Centrus Energy Corp. will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP John M. A. Donelson sold 16,073 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.24, for a total transaction of $646,777.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently made changes to their positions in the company. Spire Wealth Management purchased a new stake in shares of Centrus Energy during the third quarter worth $29,000. Osaic Holdings Inc. increased its stake in shares of Centrus Energy by 132.2% in the second quarter. Osaic Holdings Inc. now owns 966 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth about $32,000. Ameritas Investment Partners Inc. grew its stake in shares of Centrus Energy by 36.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,014 shares of the company’s stock worth $33,000 after purchasing an additional 273 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Centrus Energy during the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors 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.