Centrus Energy (NYSE:LEU) Stock Price Down 4.5% – Here’s Why

Centrus Energy Corp. (NYSE:LEU)’s share price was down 4.5% during trading on Tuesday . The company traded as low as $73.00 and last traded at $73.43. Approximately 141,290 shares changed hands during trading, a decline of 78% from the average daily volume of 630,916 shares. The stock had previously closed at $76.87.

Wall Street Analysts Forecast Growth

LEU has been the subject of a number of research analyst reports. Citigroup assumed coverage on Centrus Energy in a report on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price target for the company. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Finally, HC Wainwright initiated coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Centrus Energy has a consensus rating of “Hold” and a consensus price target of $147.00.

Centrus Energy Stock Performance

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 16.76 and a beta of 1.35. The company has a 50 day simple moving average of $87.68 and a 200-day simple moving average of $77.08. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the transaction, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at approximately $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Centrus Energy

Hedge funds have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. purchased a new position in shares of Centrus Energy during the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. lifted its position in shares of 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 in the last quarter. State of Wyoming bought a new stake in Centrus Energy in the 4th quarter worth about $33,000. Altshuler Shaham Ltd purchased a new stake in Centrus Energy in the 4th quarter valued at about $49,000. Finally, National Bank of Canada FI bought a new position in shares of Centrus Energy during the 4th quarter worth approximately $51,000. 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.