Centrus Energy (NYSE:LEU) Trading Down 4.5% - What's Next?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares dropped 4.5% on Tuesday . The stock traded as low as $73.00 and last traded at $73.43. Approximately 141,290 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 630,916 shares. The stock had previously closed at $76.87.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com raised shares of Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Citigroup began coverage on Centrus Energy in a research report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target on the stock. Finally, HC Wainwright began coverage on Centrus Energy in a research report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $147.00.

Centrus Energy Price Performance

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.02 and a beta of 1.35. 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 50 day moving average price of $87.35 and a 200 day moving average price of $77.45.

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Insider Transactions at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the transaction, the senior vice president now owns 9,402 shares of the company's stock, valued at $1,131,154.62. This represents a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Centrus Energy by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company's stock valued at $345,000 after acquiring an additional 186 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Centrus Energy by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after acquiring an additional 188 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Centrus Energy by 77.4% during the 4th 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 increased its stake in Centrus Energy by 1.9% during the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock worth $676,000 after purchasing an additional 192 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in Centrus Energy by 16.2% during the 4th 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. Institutional investors own 49.96% of the company's stock.

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.