Centrus Energy (NYSE:LEU) Shares Down 6.7% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) fell 6.7% on Wednesday . The stock traded as low as $85.28 and last traded at $85.42. Approximately 673,312 shares traded hands during trading, an increase of 55% from the average session volume of 433,241 shares. The stock had previously closed at $91.51.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Roth Mkm decreased their price target 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 upgraded shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Finally, B. Riley lifted their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Centrus Energy presently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Price Performance

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 17.03 and a beta of 1.19. The stock’s 50 day simple moving average is $67.67 and its 200-day simple moving average is $51.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

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

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after buying an additional 188,478 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after buying an additional 176,431 shares during the period. Point72 Asset Management L.P. increased its position in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after purchasing an additional 51,836 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Centrus Energy by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after buying an additional 46,254 shares during the last quarter. Finally, L & S Advisors Inc bought a new stake in shares of Centrus Energy during the 3rd quarter valued at $2,089,000. 49.96% of the stock is owned by institutional investors and hedge funds.

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.