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

Centrus Energy Corp. (NYSE:LEU) gapped up before the market opened on Tuesday . The stock had previously closed at $58.56, but opened at $63.66. Centrus Energy shares last traded at $60.87, with a volume of 79,212 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on LEU. HC Wainwright initiated coverage on Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 target price for the company. Craig Hallum started coverage on Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 price objective on the stock. Citigroup started coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Finally, StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Centrus Energy has an average rating of “Hold” and a consensus price target of $143.40.

Centrus Energy Stock Down 3.5 %

The stock has a 50 day moving average price of $84.14 and a 200 day moving average price of $78.86. The company has a market cap of $947.39 million, a P/E ratio of 12.93 and a beta of 1.26. 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

In other news, SVP Larry B. Cutlip sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total transaction of $481,240.00. Following the sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of Centrus Energy

A number of hedge funds have recently bought and sold shares of LEU. Anatole Investment Management Ltd acquired a new stake in Centrus Energy during the 4th quarter valued at $27,880,000. Reaves W H & Co. Inc. acquired a new stake in Centrus Energy during the 4th quarter worth about $15,215,000. Soros Fund Management LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at about $14,821,000. Voloridge Investment Management LLC boosted its holdings in shares of Centrus Energy by 1,300.5% during the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock worth $15,664,000 after purchasing an additional 218,364 shares during the period. Finally, FMR LLC increased its stake in Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock valued at $23,380,000 after buying an additional 188,478 shares during the period. 49.96% of the stock is owned by hedge funds and other 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.