Centrus Energy (NYSE:LEU) Shares Up 7.4% – Time to Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) traded up 7.4% on Tuesday . The stock traded as high as $90.00 and last traded at $90.19. 522,380 shares were traded during mid-day trading, a decline of 14% from the average session volume of 605,901 shares. The stock had previously closed at $84.00.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LEU shares. HC Wainwright assumed coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. StockNews.com raised Centrus Energy to a “sell” rating in a research report on Monday, February 10th. Finally, Citigroup assumed coverage on Centrus Energy in a report on Tuesday. They issued a “neutral” rating and a $104.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.00.

Centrus Energy Stock Performance

The company’s fifty day simple moving average is $86.16 and its two-hundred day simple moving average is $73.01. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 20.14 and a beta of 1.17. 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 Buying and Selling

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the company’s stock in a transaction that occurred on 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 $1,131,154.62. This represents a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently added to or reduced their stakes in LEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Centrus Energy by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 979,976 shares of the company’s stock valued at $65,276,000 after buying an additional 13,764 shares during the period. Vanguard Group Inc. lifted its holdings in Centrus Energy by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 967,393 shares of the company’s stock worth $64,438,000 after acquiring an additional 71,872 shares during the last quarter. FMR LLC boosted 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 acquiring an additional 188,478 shares during the period. Anatole Investment Management Ltd acquired a new stake in shares of Centrus Energy during the 4th quarter worth approximately $27,880,000. Finally, Geode Capital Management LLC raised its position in shares of Centrus Energy by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 325,603 shares of the company’s stock worth $21,694,000 after purchasing an additional 5,668 shares during the period. 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.