Centrus Energy (NYSE:LEU) Trading Up 0.7% – What’s Next?

Centrus Energy Corp. (NYSE:LEU)’s stock price rose 0.7% on Thursday . The company traded as high as $88.47 and last traded at $87.68. Approximately 399,606 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 412,050 shares. The stock had previously closed at $87.09.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LEU. Roth Mkm decreased their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. B. Riley raised their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Stock Performance

The stock has a market cap of $1.50 billion, a P/E ratio of 19.24 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $64.63 and its two-hundred day simple moving average is $50.45.

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

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Chesapeake Capital Corp IL acquired a new position in Centrus Energy during the 3rd quarter worth approximately $315,000. Victory Capital Management Inc. boosted its holdings in Centrus Energy by 117.4% during the third quarter. Victory Capital Management Inc. now owns 16,431 shares of the company’s stock worth $901,000 after purchasing an additional 8,874 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Centrus Energy by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock worth $6,822,000 after purchasing an additional 22,605 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Centrus Energy in the third quarter valued at $244,000. Finally, Heritage Investors Management Corp acquired a new stake in Centrus Energy in the 3rd quarter valued at $203,000. Institutional investors and hedge funds 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.