Centrus Energy (NYSE:LEU) Shares Gap Up – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $62.21, but opened at $64.66. Centrus Energy shares last traded at $61.52, with a volume of 71,301 shares traded.

Wall Street Analysts Forecast Growth

LEU has been the topic of several recent analyst reports. Citigroup assumed coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price on the stock. Craig Hallum initiated coverage on shares of Centrus Energy in a research note on Tuesday. They issued a “buy” rating and a $129.00 target price for the company. HC Wainwright assumed coverage on Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.40.

Centrus Energy Trading Down 2.9 %

The business has a 50 day simple moving average of $86.01 and a 200-day simple moving average of $78.24. The stock has a market capitalization of $1.06 billion, a P/E ratio of 14.29 and a beta of 1.35. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the sale, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in LEU. Charles Schwab Investment Management Inc. grew its holdings in Centrus Energy by 5.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 114,683 shares of the company’s stock worth $6,290,000 after acquiring an additional 5,919 shares during the last quarter. FMR LLC increased its stake in Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after purchasing an additional 188,478 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Centrus Energy by 95.5% during the third quarter. BNP Paribas Financial Markets now owns 5,758 shares of the company’s stock worth $316,000 after purchasing an additional 2,813 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Centrus Energy by 17.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,122 shares of the company’s stock valued at $1,762,000 after buying an additional 4,694 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Centrus Energy by 97.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 63,480 shares of the company’s stock valued at $3,482,000 after buying an additional 31,408 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

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.