Centrus Energy (NYSE:LEU) Stock Price Down 6.2% – Time to Sell?

Shares of Centrus Energy Corp. (NYSE:LEU) were down 6.2% during trading on Wednesday . The company traded as low as $290.10 and last traded at $296.49. Approximately 1,612,960 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 1,310,480 shares. The stock had previously closed at $315.92.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Northland Securities set a $325.00 price target on shares of Centrus Energy in a report on Wednesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Zacks Research raised shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Evercore ISI reiterated an “outperform” rating and set a $390.00 price target on shares of Centrus Energy in a report on Monday, January 5th. Finally, UBS Group set a $245.00 price target on Centrus Energy in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.33.

Centrus Energy Price Performance

The stock has a market cap of $5.51 billion, a P/E ratio of 45.99 and a beta of 1.24. The company’s 50 day moving average price is $267.78 and its 200-day moving average price is $267.06. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. Centrus Energy’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company earned ($0.30) earnings per share. As a group, sell-side analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc lifted its stake in shares of Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the period. Farther Finance Advisors LLC raised its holdings in Centrus Energy by 15.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock worth $101,000 after purchasing an additional 43 shares during the last quarter. Rothschild Investment LLC raised its holdings in Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Allworth Financial LP lifted its position in shares of Centrus Energy by 23.2% in the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after purchasing an additional 45 shares during the period. Finally, Lido Advisors LLC boosted its stake in shares of Centrus Energy by 4.2% in the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after purchasing an additional 46 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.