Centrus Energy (NYSE:LEU) Stock Price Down 4.1% – Here’s Why

Centrus Energy Corp. (NYSE:LEU)’s share price dropped 4.1% on Monday . The stock traded as low as $83.17 and last traded at $83.32. Approximately 155,005 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 474,195 shares. The stock had previously closed at $86.85.

Wall Street Analysts Forecast Growth

LEU has been the topic of several analyst reports. Roth Mkm reduced their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. B. Riley increased 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 Capital lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Up 1.5 %

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The company’s 50-day moving average price is $74.82 and its 200-day moving average price is $53.70. The firm has a market capitalization of $1.36 billion, a PE ratio of 17.36 and a beta of 1.19.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). The company 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, sell-side analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds have recently modified their holdings of LEU. Vanguard Group Inc. boosted its stake in Centrus Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after buying an additional 17,033 shares during the last quarter. FMR LLC boosted its position in shares of Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after acquiring an additional 188,478 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares during the period. Sara Bay Financial increased its position in Centrus Energy by 3.9% during the second quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after purchasing an additional 12,514 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Centrus Energy by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock worth $17,552,000 after buying an additional 15,080 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.