Centrus Energy (NYSE:LEU) Shares Gap Down – Here’s Why

Centrus Energy Corp. (NYSE:LEU) gapped down prior to trading on Monday . The stock had previously closed at $92.00, but opened at $83.50. Centrus Energy shares last traded at $81.45, with a volume of 477,117 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on LEU. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley raised their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm decreased their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Price Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The firm’s 50-day moving average is $76.08 and its two-hundred day moving average is $63.14. The company has a market cap of $1.31 billion, a P/E ratio of 16.62 and a beta of 1.17.

Centrus Energy (NYSE:LEU) last released its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). The company had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. Analysts anticipate that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently made changes to their positions in LEU. FMR LLC grew its stake in Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after purchasing an additional 188,478 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of Centrus Energy in the fourth quarter valued at about $7,907,000. Exchange Traded Concepts LLC lifted its stake in Centrus Energy by 290.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company’s stock worth $4,732,000 after acquiring an additional 52,866 shares during the period. Point72 Asset Management L.P. grew its holdings in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after purchasing an additional 51,836 shares during the last quarter. Finally, L & S Advisors Inc acquired a new position in shares of Centrus Energy during the third quarter worth $2,089,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.