Centrus Energy (NYSE:LEU) Sets New 12-Month Low – Here’s What Happened

Shares of Centrus Energy Corp. (NYSE:LEU) reached a new 52-week low on Wednesday . The company traded as low as $146.67 and last traded at $146.0020, with a volume of 559090 shares trading hands. The stock had previously closed at $156.02.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. B. Riley Financial reduced their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Northland Securities set a $285.00 price target on Centrus Energy in a research note on Thursday, February 12th. UBS Group reduced their price objective on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Finally, Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.18.

Centrus Energy Stock Performance

The company has a market cap of $2.88 billion, a P/E ratio of 48.21, a price-to-earnings-growth ratio of 20.25 and a beta of 1.34. The stock has a 50 day moving average price of $190.24 and a two-hundred day moving average price of $227.23. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 EPS. On average, research analysts predict that Centrus Energy Corp. will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.

Institutional Trading of Centrus Energy

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Centrus Energy by 11.0% during the fourth quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock valued at $88,000 after purchasing an additional 36 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Centrus Energy by 3.1% in the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock valued at $325,000 after purchasing an additional 40 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after purchasing an additional 41 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Centrus Energy by 54.9% in the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.