Centrus Energy (NYSE:LEU) Trading Down 4.5% – Here’s What Happened

Shares of Centrus Energy Corp. (NYSE:LEU) dropped 4.5% on Tuesday . The company traded as low as $73.00 and last traded at $73.43. Approximately 141,290 shares were traded during trading, a decline of 78% from the average daily volume of 630,916 shares. The stock had previously closed at $76.87.

Wall Street Analyst Weigh In

LEU has been the topic of a number of research analyst reports. HC Wainwright started coverage on shares of Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective on the stock. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. Finally, Citigroup began coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $147.00.

Centrus Energy Price Performance

The business’s 50 day simple moving average is $87.68 and its 200-day simple moving average is $77.30. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 15.67 and a beta of 1.35. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Insider Buying and Selling at Centrus Energy

In related news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the transaction, the senior vice president now owns 9,402 shares in the company, valued at $1,131,154.62. This represents a 29.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anatole Investment Management Ltd acquired a new position in shares of Centrus Energy during the 4th quarter valued at $27,880,000. Reaves W H & Co. Inc. bought a new stake in Centrus Energy in the fourth quarter worth about $15,215,000. Soros Fund Management LLC acquired a new stake in Centrus Energy in the 4th quarter valued at about $14,821,000. Voloridge Investment Management LLC boosted its position in shares of Centrus Energy by 1,300.5% during the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock valued at $15,664,000 after purchasing an additional 218,364 shares in the last quarter. Finally, FMR LLC boosted its position in shares of 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 buying an additional 188,478 shares during the period. 49.96% of the stock is currently owned by institutional investors.

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.