Centrus Energy (NYSE:LEU) Shares Down 4.3% - Here's Why

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price fell 4.3% on Monday . The stock traded as low as $61.52 and last traded at $61.60. 215,585 shares were traded during mid-day trading, a decline of 68% from the average session volume of 666,176 shares. The stock had previously closed at $64.34.

Wall Street Analysts Forecast Growth

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

Centrus Energy Trading Up 3.2 %

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 15.25 and a beta of 1.26. The business has a fifty day simple moving average of $78.11 and a 200-day simple moving average of $79.03. 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 Activity at Centrus Energy

In related news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy 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 sale, the senior vice president now owns 9,402 shares of the company's stock, valued at approximately $1,131,154.62. The trade was a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Centrus Energy

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Centrus Energy by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock worth $345,000 after buying an additional 186 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Centrus Energy by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after purchasing an additional 188 shares during the period. PNC Financial Services Group Inc. lifted its position in 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. Old West Investment Management LLC boosted its holdings in Centrus Energy by 1.9% in the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock worth $676,000 after buying an additional 192 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in Centrus Energy by 16.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after purchasing an additional 195 shares during the period. Institutional investors own 49.96% of the company's stock.

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.