Centrus Energy (NYSE:LEU) Trading Down 6.4% – Time to Sell?

Centrus Energy Corp. (NYSE:LEU) was down 6.4% during trading on Friday . The company traded as low as $191.04 and last traded at $191.9190. Approximately 336,158 shares were traded during trading, a decline of 70% from the average daily volume of 1,127,479 shares. The stock had previously closed at $205.09.

Analysts Set New Price Targets

LEU has been the topic of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. Citigroup dropped their price target on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Northland Securities set a $285.00 price target on Centrus Energy in a research note on Thursday, February 12th. B. Riley Financial lifted their price objective on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Evercore reiterated an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.83.

Centrus Energy Price Performance

The firm has a market capitalization of $3.66 billion, a PE ratio of 44.67 and a beta of 1.26. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59. The stock has a fifty day moving average price of $245.22 and a 200-day moving average price of $273.13.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The company had revenue of $146.20 million for the quarter, compared to analysts’ expectations of $145.40 million. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Centrus Energy by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock worth $88,000 after buying an additional 36 shares during the last quarter. Prospera Financial Services Inc boosted its stake in Centrus Energy by 3.1% in the fourth quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock valued at $325,000 after acquiring an additional 40 shares in the last quarter. IFP Advisors Inc boosted its stake in Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after acquiring an additional 41 shares in the last quarter. Rothschild Investment LLC grew its holdings in Centrus Energy by 54.9% in the third 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. Finally, Allworth Financial LP grew its holdings in Centrus Energy by 23.2% in the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after purchasing an additional 45 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other 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.