Centrus Energy (NYSE:LEU) Shares Down 2.3% – Should You Sell?

Shares of Centrus Energy Corp. (NYSE:LEU) were down 2.3% during trading on Tuesday . The stock traded as low as $142.31 and last traded at $142.76. Approximately 260,380 shares were traded during trading, a decline of 67% from the average daily volume of 781,978 shares. The stock had previously closed at $146.08.

Analyst Ratings Changes

A number of research analysts recently commented on LEU shares. Wall Street Zen raised shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. Evercore ISI assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $145.00 target price for the company. Citigroup began coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Bank of America assumed coverage on Centrus Energy in a research report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Craig Hallum assumed coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and an average price target of $146.00.

Centrus Energy Stock Down 1.9%

The stock’s fifty day moving average price is $87.22 and its 200-day moving average price is $83.17. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 32.50 and a beta of 1.37. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same quarter in the previous year, the company posted ($0.38) EPS. The company’s revenue for the quarter was up 67.3% on a year-over-year basis. On average, sell-side analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds have recently made changes to their positions in LEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Centrus Energy by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock valued at $62,955,000 after acquiring an additional 32,002 shares during the last quarter. Vanguard Group Inc. boosted its stake in Centrus Energy by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 967,393 shares of the company’s stock worth $64,438,000 after purchasing an additional 71,872 shares during the period. Anatole Investment Management Ltd bought a new stake in shares of Centrus Energy in the fourth quarter worth about $27,880,000. Geode Capital Management LLC grew its stake in Centrus Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 325,603 shares of the company’s stock worth $21,694,000 after purchasing an additional 5,668 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Centrus Energy by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company’s stock worth $21,375,000 after acquiring an additional 8,539 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.