Centrus Energy (NYSE:LEU) Trading Up 6.3% - Here's What Happened

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price rose 6.3% during mid-day trading on Monday . The stock traded as high as $57.70 and last traded at $57.85. Approximately 209,267 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 651,778 shares. The stock had previously closed at $54.43.

Wall Street Analyst Weigh In

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

Centrus Energy Trading Up 6.6 %

The firm has a market cap of $1.08 billion, a P/E ratio of 14.59 and a beta of 1.26. 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's fifty day moving average price is $81.62 and its two-hundred day moving average price is $78.88.

Insider Activity

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Centrus Energy

A number of large investors have recently modified their holdings of LEU. Cape Investment Advisory Inc. acquired a new position in Centrus Energy during the 4th quarter worth $27,000. PNC Financial Services Group Inc. lifted its stake in shares of 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 acquiring an additional 192 shares during the period. State of Wyoming bought a new position in Centrus Energy in the fourth quarter valued at about $33,000. Altshuler Shaham Ltd acquired a new stake in Centrus Energy in the fourth quarter worth about $49,000. Finally, National Bank of Canada FI bought a new stake in Centrus Energy during the 4th quarter worth about $51,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.