Centrus Energy (NYSE:LEU) Sets New 1-Year High – What’s Next?

Centrus Energy Corp. (NYSE:LEU) shares reached a new 52-week high on Tuesday . The company traded as high as $152.72 and last traded at $146.08, with a volume of 1261410 shares traded. The stock had previously closed at $143.11.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LEU shares. Evercore ISI started coverage on Centrus Energy in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $145.00 price target for the company. William Blair assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 28th. They set an “outperform” rating on the stock. Citigroup began coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price for the company. Bank of America began coverage on shares of Centrus Energy in a report on Wednesday, June 4th. They set a “buy” rating and a $160.00 price target on the stock. Finally, HC Wainwright began coverage on Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Centrus Energy Trading Up 8.4%

The stock’s 50 day moving average price is $88.98 and its 200-day moving average price is $83.60. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $2.69 billion, a P/E ratio of 35.86 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period in the prior year, the business earned ($0.38) earnings per share. The company’s revenue was up 67.3% compared to the same quarter last year. As a group, equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Centrus Energy

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Centrus Energy by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock worth $62,955,000 after purchasing an additional 32,002 shares in the last quarter. Vanguard Group Inc. boosted its stake in Centrus Energy by 8.0% during 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. Anatole Investment Management Ltd acquired a new position in Centrus Energy during the 4th quarter worth about $27,880,000. Geode Capital Management LLC increased its position in shares of Centrus Energy by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 325,603 shares of the company’s stock worth $21,694,000 after acquiring an additional 5,668 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Centrus Energy by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 320,876 shares of the company’s stock valued at $21,375,000 after acquiring an additional 8,539 shares in the last quarter. 49.96% of the stock is 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.