Centrus Energy (NYSE:LEU) Hits New 1-Year High – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) shares hit a new 52-week high on Monday . The company traded as high as $176.62 and last traded at $170.06, with a volume of 415625 shares. The stock had previously closed at $162.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They set a “buy” rating and a $160.00 price objective for the company. Craig Hallum began coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price target for the company. HC Wainwright began coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective on the stock. Evercore ISI began coverage on Centrus Energy in a report on Wednesday, May 14th. They issued an “outperform” rating and a $145.00 target price for the company. Finally, Citigroup started coverage on Centrus Energy in a research report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Centrus Energy Trading Up 1.8%

The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 39.24 and a beta of 1.37. The company has a fifty day moving average price of $97.48 and a 200-day moving average price of $85.78. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU) last posted its earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping 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%. Centrus Energy’s revenue was up 67.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.38) earnings per share. On average, equities research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Buying and Selling at Centrus Energy

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

Institutional Trading of Centrus Energy

Several hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC increased its holdings in shares of Centrus Energy by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company’s stock worth $1,947,000 after purchasing an additional 188 shares during the period. PNC Financial Services Group Inc. increased its stake in 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. Old West Investment Management LLC raised its holdings in Centrus Energy by 1.9% in the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company’s stock valued at $676,000 after acquiring an additional 192 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Centrus Energy by 16.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company’s stock worth $93,000 after acquiring an additional 195 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Centrus Energy by 4.6% during the 1st quarter. New York State Common Retirement Fund now owns 4,504 shares of the company’s stock worth $280,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

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.