Centrus Energy (NYSE:LEU) Shares Gap Up to $64.30

Centrus Energy Corp. (NYSE:LEU) shares gapped up prior to trading on Thursday . The stock had previously closed at $64.30, but opened at $67.01. Centrus Energy shares last traded at $64.29, with a volume of 127,040 shares trading hands.

Analysts Set New Price Targets

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

Centrus Energy Stock Performance

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 firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.16 and a beta of 1.31. The firm’s 50-day moving average price is $41.90 and its two-hundred day moving average price is $43.10.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $0.77 by $1.12. The business had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. Sell-side analysts predict that Centrus Energy Corp. will post 3.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LEU. Point72 DIFC Ltd bought a new position in Centrus Energy in the 2nd quarter valued at $42,000. Wolff Wiese Magana LLC acquired a new position in Centrus Energy during the 2nd quarter worth about $43,000. nVerses Capital LLC lifted its position in Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after acquiring an additional 1,754 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in Centrus Energy in the 1st quarter valued at about $216,000. 49.96% of the stock is owned by institutional investors and hedge funds.

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.