Centrus Energy (NYSE:LEU) Sees Large Volume Increase – Here’s Why

Shares of Centrus Energy Corp. (NYSE:LEU) saw unusually-strong trading volume on Friday . Approximately 1,645,282 shares changed hands during trading, an increase of 118% from the previous session’s volume of 756,363 shares.The stock last traded at $106.55 and had previously closed at $81.81.

Analysts Set New Price Targets

LEU has been the topic of several research analyst reports. Roth Mkm decreased 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 report on Wednesday, October 30th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Centrus Energy currently has a consensus rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Trading Up 30.9 %

The company has a 50-day moving average price of $76.45 and a two-hundred day moving average price of $65.12. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.76 billion, a P/E ratio of 22.38 and a beta of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Diamond Hill Capital Management Inc. increased its holdings in shares of Centrus Energy by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock valued at $6,822,000 after purchasing an additional 22,605 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Centrus Energy during the third quarter worth about $281,000. The Manufacturers Life Insurance Company acquired a new position in Centrus Energy in the 2nd quarter valued at about $233,000. Vontobel Holding Ltd. increased its position in Centrus Energy by 17.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock valued at $303,000 after acquiring an additional 815 shares during the period. Finally, Barclays PLC increased its position in Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after purchasing an additional 19,140 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

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.