Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $58.56, but opened at $63.66. Centrus Energy shares last traded at $60.87, with a volume of 79,212 shares trading hands.
Wall Street Analyst Weigh In
Several analysts have commented on LEU shares. HC Wainwright initiated coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. Craig Hallum began coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target for the company. Citigroup initiated coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price objective on the stock. Finally, StockNews.com raised shares of Centrus Energy to a "sell" rating in a research note on Monday, February 10th. 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 company's stock. Based on data from MarketBeat.com, Centrus Energy currently has an average rating of "Hold" and a consensus target price of $143.40.
Get Our Latest Report on LEU
Centrus Energy Trading Up 6.6 %
The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The company has a fifty day moving average price of $81.62 and a two-hundred day moving average price of $78.88. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.59 and a beta of 1.26.
Insiders Place Their Bets
In other news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction on Wednesday, February 12th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Centrus Energy
A number of institutional investors have recently bought and sold shares of LEU. JPMorgan Chase & Co. raised its position in Centrus Energy by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock valued at $345,000 after purchasing an additional 186 shares during the period. Nuveen Asset Management LLC increased its position 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 worth $1,947,000 after purchasing an additional 188 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after buying an additional 192 shares during the period. Old West Investment Management LLC lifted its position in Centrus Energy by 1.9% in the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock valued at $676,000 after buying an additional 192 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after buying an additional 195 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.
About Centrus Energy
(
Get Free Report)
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.
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