Centrus Energy (NYSE:LEU) Stock Price Down 3.7% – What’s Next?

Centrus Energy Corp. (NYSE:LEU) fell 3.7% during mid-day trading on Wednesday . The company traded as low as $62.33 and last traded at $62.51. 498,925 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 642,320 shares. The stock had previously closed at $64.91.

Analyst Ratings Changes

LEU has been the subject of several recent research reports. HC Wainwright began coverage on Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price for the company. Citigroup began coverage on Centrus Energy in a research note on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price objective for the company. StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Monday, February 10th. Finally, Craig Hallum began coverage on shares of Centrus Energy in a report on Tuesday. They issued a “buy” rating and a $129.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $143.40.

Centrus Energy Stock Down 3.7 %

The company has a market cap of $1.05 billion, a price-to-earnings ratio of 14.18 and a beta of 1.35. The stock has a 50-day simple moving average of $86.57 and a 200-day simple moving average of $78.34. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.

Insider Buying and Selling

In other news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in LEU. Wellington Management Group LLP acquired a new position in shares of Centrus Energy during the 4th quarter valued at $3,474,000. Arcadia Wealth Management Inc. bought a new position in Centrus Energy during the fourth quarter valued at about $433,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Centrus Energy by 16.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,301 shares of the company’s stock worth $2,485,000 after acquiring an additional 5,179 shares during the period. Voloridge Investment Management LLC raised its position in Centrus Energy by 1,300.5% in the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock worth $15,664,000 after acquiring an additional 218,364 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Centrus Energy in the 4th quarter valued at about $4,703,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.