Centrus Energy (NYSE:LEU) Trading Up 7.1%

Centrus Energy Corp. (NYSE:LEU)’s stock price was up 7.1% during trading on Monday . The company traded as high as $48.22 and last traded at $48.22. Approximately 43,003 shares traded hands during trading, a decline of 81% from the average daily volume of 228,293 shares. The stock had previously closed at $45.01.

Wall Street Analyst Weigh In

LEU has been the topic of a number of analyst reports. Roth Mkm reduced their price target on Centrus Energy from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th.

Centrus Energy Trading Up 10.6 %

The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $780.66 million, a P/E ratio of 10.60 and a beta of 1.31. The firm has a 50-day moving average of $40.08 and a two-hundred day moving average of $42.18.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $1.12. The firm had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. On average, analysts anticipate that Centrus Energy Corp. will post 3.06 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LEU. Old West Investment Management LLC raised its holdings in shares of Centrus Energy by 3.3% during the second quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock valued at $423,000 after purchasing an additional 316 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Centrus Energy by 10.1% during the second quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock worth $244,000 after purchasing an additional 525 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Centrus Energy by 2.8% in the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after buying an additional 766 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after acquiring an additional 800 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Centrus Energy by 4.1% during the second quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock valued at $990,000 after acquiring an additional 917 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.