Centrus Energy (NYSE:LEU) Trading Up 6.3% – What’s Next?

Shares of Centrus Energy Corp. (NYSE:LEU) were up 6.3% on Monday . The stock traded as high as $57.70 and last traded at $57.85. Approximately 209,267 shares traded hands during trading, a decline of 68% from the average daily volume of 651,778 shares. The stock had previously closed at $54.43.

Wall Street Analysts Forecast Growth

LEU has been the subject of a number of research analyst reports. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Craig Hallum began coverage on Centrus Energy in a research report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price objective for the company. HC Wainwright began coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price target on the stock. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.40.

Centrus Energy Stock Performance

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 50-day moving average of $84.53 and a 200-day moving average of $78.74. The firm has a market cap of $981.76 million, a price-to-earnings ratio of 13.28 and a beta of 1.26.

Insider Activity at Centrus Energy

In related news, SVP Larry B. Cutlip sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total transaction of $481,240.00. Following the sale, the senior vice president now owns 9,402 shares in the company, valued at approximately $1,131,154.62. This represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.