Centrus Energy (NYSE:LEU) Stock Price Up 7.6% - Here's Why

Centrus Energy Corp. (NYSE:LEU - Get Free Report) rose 7.6% on Thursday . The stock traded as high as $72.64 and last traded at $71.70. Approximately 276,710 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 496,788 shares. The stock had previously closed at $66.61.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LEU. Roth Capital lowered shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. B. Riley increased their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Roth Mkm cut their target price on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $92.00.

Centrus Energy Stock Performance

The company has a market cap of $1.21 billion, a P/E ratio of 15.46 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The company's 50-day moving average is $79.51 and its two-hundred day moving average is $58.80.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The company had revenue of $57.70 million for the quarter, compared to analysts' expectations of $56.50 million. Equities analysts predict that Centrus Energy Corp. will post 2.28 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of large investors have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. raised its position in shares of Centrus Energy by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company's stock worth $6,822,000 after buying an additional 22,605 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Centrus Energy in the 3rd quarter valued at about $281,000. The Manufacturers Life Insurance Company bought a new stake in shares of Centrus Energy during the 2nd quarter valued at about $233,000. Vontobel Holding Ltd. increased its position in shares of Centrus Energy by 17.3% in the third quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company's stock worth $303,000 after purchasing an additional 815 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company's stock valued at $6,338,000 after purchasing an additional 51,836 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.