Centrus Energy Corp. (NYSE:LEU – Get Free Report)’s stock price shot up 7.7% during mid-day trading on Tuesday . The company traded as high as $186.72 and last traded at $187.2590. Approximately 221,604 shares were traded during trading, a decline of 76% from the average daily volume of 915,815 shares. The stock had previously closed at $173.89.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Roth Capital reiterated a “neutral” rating and issued a $188.00 price target on shares of Centrus Energy in a research note on Thursday, August 6th. Stifel Nicolaus decreased their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, August 25th. HC Wainwright restated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Monday, July 27th. Finally, Needham & Company LLC dropped their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of “Moderate Buy” and an average target price of $236.79.
Read Our Latest Stock Analysis on Centrus Energy
Centrus Energy Stock Performance
Centrus Energy (NYSE:LEU – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business had revenue of $176.10 million for the quarter. During the same period in the previous year, the business posted $1.59 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Centrus Energy Corp. will post 2.59 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in Centrus Energy by 16,538.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,326 shares of the company’s stock worth $24,598,000 after purchasing an additional 100,717 shares during the period. Next Century Growth Investors LLC grew its holdings in Centrus Energy by 56.2% during the fourth quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company’s stock valued at $8,123,000 after purchasing an additional 12,037 shares during the period. Van ECK Associates Corp grew its holdings in Centrus Energy by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares during the period. Arlington Capital Management Inc. purchased a new stake in Centrus Energy in the first quarter worth about $3,115,000. Finally, California State Teachers Retirement System raised its stake in shares of Centrus Energy by 24.3% in the first quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock worth $3,403,000 after buying an additional 3,837 shares during the period. 49.96% of the stock is currently owned by institutional investors.
Centrus Energy Company Profile
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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