Centrus Energy (NYSE:LEU) Stock Price Down 3.7% – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares were down 3.7% during trading on Wednesday . The stock traded as low as $62.33 and last traded at $62.51. Approximately 498,925 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 642,320 shares. The stock had previously closed at $64.91.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. HC Wainwright initiated coverage on Centrus Energy in a research report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price objective for the company. Craig Hallum started coverage on shares of Centrus Energy in a report on Tuesday. They issued a “buy” rating and a $129.00 price target for the company. Citigroup assumed coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price objective for the company. Finally, StockNews.com upgraded shares of 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 given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.40.

Centrus Energy Trading Down 5.7 %

The company has a 50 day moving average of $85.28 and a 200 day moving average of $78.09. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The stock has a market capitalization of $912.52 million, a price-to-earnings ratio of 12.34 and a beta of 1.35.

Insider Buying and Selling

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 stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. purchased a new position in Centrus Energy during the fourth quarter worth about $27,000. PNC Financial Services Group Inc. raised its position in Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after purchasing an additional 192 shares during the period. State of Wyoming purchased a new position in Centrus Energy during the fourth quarter worth about $33,000. Altshuler Shaham Ltd purchased a new stake in shares of Centrus Energy in the 4th quarter valued at approximately $49,000. Finally, National Bank of Canada FI acquired a new position in shares of Centrus Energy in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.