Centrus Energy (NYSE:LEU) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Centrus Energy (NYSE:LEUFree Report) from a hold rating to a sell rating in a research report report published on Friday.

LEU has been the subject of a number of other research reports. B. Riley reiterated a buy rating and set a $72.00 price objective on shares of Centrus Energy in a research report on Tuesday, February 13th. TheStreet upgraded Centrus Energy from a d- rating to a c rating in a research report on Friday, February 9th.

Read Our Latest Research Report on Centrus Energy

Centrus Energy Stock Down 0.7 %

NYSE:LEU opened at $38.25 on Friday. The firm has a market cap of $599.76 million, a P/E ratio of 7.08 and a beta of 1.39. The company has a quick ratio of 0.80, a current ratio of 1.45 and a debt-to-equity ratio of 4.73. Centrus Energy has a 52-week low of $24.88 and a 52-week high of $61.35. The stock’s fifty day moving average price is $46.56.

Centrus Energy (NYSE:LEUGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $2.80. The business had revenue of $103.60 million during the quarter, compared to the consensus estimate of $61.05 million. Centrus Energy had a negative return on equity of 491.41% and a net margin of 26.36%. As a group, equities analysts anticipate that Centrus Energy will post 2.71 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP John M. A. Donelson sold 16,073 shares of Centrus Energy stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.24, for a total value of $646,777.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is owned by company insiders.

Institutional Trading of Centrus Energy

A number of institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its holdings in shares of Centrus Energy by 36.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,014 shares of the company’s stock worth $33,000 after purchasing an additional 273 shares during the period. Riverwater Partners LLC grew its holdings in shares of Centrus Energy by 2.3% during the 4th quarter. Riverwater Partners LLC now owns 13,152 shares of the company’s stock worth $716,000 after purchasing an additional 297 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Centrus Energy by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,735 shares of the company’s stock worth $933,000 after acquiring an additional 402 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Centrus Energy by 7.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,409 shares of the company’s stock worth $208,000 after acquiring an additional 440 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in Centrus Energy during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 33.64% of the company’s stock.

About Centrus Energy

(Get Free Report)

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.

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