Centrus Energy (NYSE:LEU) Shares Gap Down – Here’s Why

Shares of Centrus Energy Corp. (NYSE:LEU) gapped down prior to trading on Friday . The stock had previously closed at $79.34, but opened at $76.49. Centrus Energy shares last traded at $75.95, with a volume of 190,583 shares trading hands.

Analyst Upgrades and Downgrades

LEU has been the topic of several research reports. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. B. Riley lifted their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Roth Mkm reduced their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Trading Down 11.6 %

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 company has a market cap of $1.15 billion, a PE ratio of 14.65 and a beta of 1.19. The company has a fifty day simple moving average of $69.22 and a two-hundred day simple moving average of $51.88.

Centrus Energy (NYSE:LEU) last announced 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 company 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%. Analysts anticipate that Centrus Energy Corp. will post 2.4 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after purchasing an additional 188,478 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after acquiring an additional 176,431 shares in the last quarter. Point72 Asset Management L.P. lifted 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 valued at $6,338,000 after acquiring an additional 51,836 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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, L & S Advisors Inc acquired a new position in Centrus Energy in the third quarter valued at $2,089,000. 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.