Centrus Energy (NYSE:LEU) Stock Jumps 7.5% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) was up 7.5% during trading on Tuesday. The company traded as high as $106.60 and last traded at $105.8380. Approximately 200,720 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 904,985 shares. The stock had previously closed at $98.44.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Northland Securities set a $270.00 price objective on Centrus Energy in a research note on Friday, September 11th. TD Cowen assumed coverage on Centrus Energy in a research note on Monday. They issued a “hold” rating and a $120.00 price target on the stock. Capital One Financial set a $151.00 price target on Centrus Energy in a research report on Tuesday. Stifel Nicolaus dropped their price objective on Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Finally, Zacks Research raised Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.41.

Centrus Energy Stock Up 10.4%

The firm’s 50-day simple moving average is $152.88 and its 200 day simple moving average is $191.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39. The company has a market cap of $2.17 billion, a P/E ratio of 49.27, a PEG ratio of 8.14 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business had revenue of $176.10 million during the quarter. During the same quarter in the prior year, the company earned $1.59 EPS. Centrus Energy’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts forecast that Centrus Energy Corp. will post 4.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LEU. Renaissance Technologies LLC increased its holdings in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after buying an additional 109,960 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Centrus Energy by 18.1% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after acquiring an additional 30,944 shares during the last quarter. Atlas Wealth LLC bought a new stake in Centrus Energy in the 1st quarter valued at $4,376,000. Arlington Capital Management Inc. bought a new stake in Centrus Energy in the 1st quarter valued at $3,115,000. Finally, Granahan Investment Management LLC lifted its holdings in Centrus Energy by 19.2% during the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock valued at $15,569,000 after purchasing an additional 14,455 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.