Centrus Energy (NYSE:LEU) Shares Gap Up to $41.45

Shares of Centrus Energy Corp. (NYSE:LEU) gapped up before the market opened on Friday . The stock had previously closed at $41.45, but opened at $42.48. Centrus Energy shares last traded at $44.12, with a volume of 67,425 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on LEU shares. Roth Mkm cut their price target on Centrus Energy from $62.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th.

Centrus Energy Trading Up 3.5 %

The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52. The business has a fifty day simple moving average of $40.16 and a 200 day simple moving average of $42.13. The stock has a market capitalization of $672.66 million, a price-to-earnings ratio of 9.70 and a beta of 1.31.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $1.12. Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. The firm had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. As a group, research analysts expect that Centrus Energy Corp. will post 3.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in Centrus Energy in the 2nd quarter valued at $42,000. Point72 Asset Management L.P. grew its holdings in shares of Centrus Energy by 53.8% during the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Centrus Energy during the 2nd quarter worth $233,000. Decade Renewable Partners LP acquired a new stake in shares of Centrus Energy during the 2nd quarter worth $1,479,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Centrus Energy during the 2nd quarter worth $275,000. 49.96% of the stock is owned by institutional investors and hedge funds.

About Centrus Energy

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.