Centrus Energy (NYSE:LEU) Shares Up 6.6% - What's Next?

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) rose 6.6% on Monday . The company traded as high as $116.72 and last traded at $116.05. Approximately 564,592 shares traded hands during trading, a decline of 34% from the average daily volume of 860,464 shares. The stock had previously closed at $108.91.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com raised Centrus Energy to a "sell" rating in a research report on Monday. Roth Mkm reduced their price target on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Finally, B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th.

Centrus Energy Price Performance

The firm's fifty day moving average price is $79.04 and its 200 day moving average price is $67.27. The firm has a market capitalization of $1.93 billion, a PE ratio of 26.71 and a beta of 1.17. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44.

Insider Buying and Selling

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the firm's 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 sale, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Trading of Centrus Energy

Several hedge funds have recently modified their holdings of LEU. Reaves W H & Co. Inc. acquired a new position in Centrus Energy in the 4th quarter valued at $15,215,000. FMR LLC grew its position in shares of Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company's stock worth $23,380,000 after acquiring an additional 188,478 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of Centrus Energy during the 4th quarter valued at about $7,907,000. Vanguard Group Inc. increased its position in Centrus Energy by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 967,393 shares of the company's stock worth $64,438,000 after buying an additional 71,872 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in Centrus Energy by 290.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company's stock worth $4,732,000 after purchasing an additional 52,866 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

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.