Centrus Energy (NYSE:LEU) Shares Up 4.6% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) shot up 4.6% during trading on Wednesday . The company traded as high as $65.24 and last traded at $66.61. 38,834 shares traded hands during trading, a decline of 95% from the average session volume of 785,658 shares. The stock had previously closed at $63.66.

Wall Street Analysts Forecast Growth

LEU has been the topic of several research reports. HC Wainwright began coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price target for the company. Craig Hallum assumed coverage on Centrus Energy in a report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price objective on the stock. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.40.

Centrus Energy Price Performance

The firm has a market cap of $1.11 billion, a P/E ratio of 14.96 and a beta of 1.26. The business has a 50-day simple moving average of $80.87 and a 200 day simple moving average of $78.99. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Insider Buying and Selling at Centrus Energy

In related news, SVP Larry B. Cutlip sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total transaction of $481,240.00. Following the transaction, the senior vice president now owns 9,402 shares in the company, valued at $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Centrus Energy

Several large investors have recently bought and sold shares of LEU. Wellington Management Group LLP purchased a new position in shares of Centrus Energy in the 4th quarter valued at approximately $3,474,000. Barclays PLC lifted its position in Centrus Energy by 103.8% during the third quarter. Barclays PLC now owns 37,588 shares of the company’s stock valued at $2,061,000 after buying an additional 19,140 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Centrus Energy by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after buying an additional 15,080 shares in the last quarter. Legacy Bridge LLC bought a new stake in shares of Centrus Energy during the 4th quarter valued at $657,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Centrus Energy by 290.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company’s stock worth $4,732,000 after acquiring an additional 52,866 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

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.