Centrus Energy (NYSE:LEU) Sees Unusually-High Trading Volume – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) shares saw strong trading volume on Tuesday . 904,406 shares were traded during mid-day trading, an increase of 138% from the previous session’s volume of 380,670 shares.The stock last traded at $76.68 and had previously closed at $78.00.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. B. Riley boosted their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm lowered their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.35 and a beta of 1.19. The stock’s 50-day simple moving average is $60.94 and its 200 day simple moving average is $49.35.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The business had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. Analysts expect that Centrus Energy Corp. will post 2.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its stake in shares of Centrus Energy by 43.6% in the 1st quarter. Private Advisor Group LLC now owns 8,314 shares of the company’s stock valued at $345,000 after purchasing an additional 2,523 shares during the period. BNP Paribas Financial Markets lifted its stake in Centrus Energy by 207.3% in the first quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock valued at $419,000 after buying an additional 6,807 shares during the period. Heartland Advisors Inc. bought a new position in Centrus Energy during the first quarter worth about $2,076,000. Russell Investments Group Ltd. grew its position in shares of Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after buying an additional 766 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Centrus Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after acquiring an additional 17,033 shares during the last quarter. 49.96% of the stock is currently 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.