Shares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) traded up 8.9% on Tuesday . The company traded as high as $193.59 and last traded at $192.8320. Approximately 362,582 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 929,803 shares. The stock had previously closed at $177.14.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on LEU. Citigroup lowered their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Monday, July 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, UBS Group upped their target price on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $242.00.
Centrus Energy Price Performance
Centrus Energy (NYSE:LEU – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business had revenue of $176.10 million for the quarter. During the same period last year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts predict that Centrus Energy Corp. will post 2.6 EPS for the current year.
Institutional Trading of Centrus Energy
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion Wealth Management Inc. increased its holdings in shares of Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Fulcrum Asset Management LLP bought a new position in shares of Centrus Energy in the 3rd quarter worth $34,000. IFP Advisors Inc lifted its stake in shares of Centrus Energy by 38.3% during the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after purchasing an additional 41 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy during the 4th quarter worth $36,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Centrus Energy during the fourth quarter valued at about $39,000. Institutional investors own 49.96% of the company’s stock.
About Centrus Energy
Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.
Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.
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