Centrus Energy (NYSE:LEU) Stock Price Down 4.8%

Centrus Energy Corp. (NYSE:LEU)’s share price dropped 4.8% during mid-day trading on Tuesday . The company traded as low as $42.55 and last traded at $42.56. Approximately 100,252 shares were traded during trading, a decline of 53% from the average daily volume of 211,592 shares. The stock had previously closed at $44.70.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LEU shares. B. Riley reiterated a “buy” rating and issued a $72.00 price target on shares of Centrus Energy in a research report on Tuesday, February 13th. Roth Mkm decreased their price objective on shares of Centrus Energy from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, StockNews.com upgraded Centrus Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th.

Centrus Energy Trading Down 5.9 %

The business’s 50-day simple moving average is $44.71 and its 200-day simple moving average is $46.68. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 3.67. The company has a market cap of $659.34 million, a PE ratio of 9.57 and a beta of 1.34.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 7th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.88). The firm had revenue of $43.70 million during the quarter, compared to analyst estimates of $72.70 million. Centrus Energy had a return on equity of 2,962.50% and a net margin of 23.94%. As a group, analysts expect that Centrus Energy Corp. will post 2.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently bought and sold shares of LEU. Old West Investment Management LLC lifted its stake in shares of Centrus Energy by 105.0% in the third quarter. Old West Investment Management LLC now owns 328,881 shares of the company’s stock worth $18,667,000 after buying an additional 168,425 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Centrus Energy by 189.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 98,438 shares of the company’s stock worth $5,587,000 after buying an additional 64,421 shares during the last quarter. Heartland Advisors Inc. bought a new stake in shares of Centrus Energy in the first quarter valued at approximately $2,076,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Centrus Energy by 6.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 761,229 shares of the company’s stock worth $41,418,000 after acquiring an additional 47,789 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Centrus Energy by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after acquiring an additional 46,254 shares during the period. 49.96% of the stock is currently 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.