Centrus Energy (NYSE:LEU) Stock Price Up 7.4% – Here’s What Happened

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

Analyst Upgrades and Downgrades

LEU has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of Centrus Energy in a report on Tuesday. They issued a “neutral” rating and a $104.00 price objective on the stock. HC Wainwright assumed coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $147.00.

Centrus Energy Stock Up 5.7 %

The firm’s fifty day moving average is $86.16 and its two-hundred day moving average is $73.01. The firm has a market cap 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 current ratio of 2.93 and a quick ratio of 2.46.

Insider Transactions at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction 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 transaction, the senior vice president now directly owns 9,402 shares in the company, valued at approximately $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Centrus Energy by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock valued at $345,000 after acquiring an additional 186 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Centrus Energy by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company’s stock worth $1,947,000 after purchasing an additional 188 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Old West Investment Management LLC boosted its holdings in Centrus Energy by 1.9% during the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company’s stock worth $676,000 after buying an additional 192 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in Centrus Energy by 16.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock worth $93,000 after buying an additional 195 shares during the last quarter. Institutional investors 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.