Centrus Energy (NYSE:LEU) Sees Unusually-High Trading Volume – Still a Buy?

Centrus Energy Corp. (NYSE:LEU) shares saw unusually-high trading volume on Tuesday . Approximately 904,406 shares traded hands 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LEU shares. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Roth Mkm lowered their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a 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. Finally, B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Price Performance

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

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). The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. On average, equities research analysts predict that Centrus Energy Corp. will post 2.4 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several large investors have recently made changes to their positions in LEU. Bank of New York Mellon Corp raised its position in shares of Centrus Energy by 382.1% in the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after purchasing an additional 176,431 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Centrus Energy by 53.8% during the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after buying an additional 51,836 shares in the last quarter. Heartland Advisors Inc. bought a new stake in shares of Centrus Energy in the first quarter valued at about $2,076,000. Price T Rowe Associates Inc. MD grew its stake in shares of Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after acquiring an additional 46,254 shares in the last quarter. Finally, Decade Renewable Partners LP bought a new position in Centrus Energy during the second quarter worth about $1,479,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.