Centrus Energy (NYSE:LEU) Cut to Sell at StockNews.com

Centrus Energy (NYSE:LEU) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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

Centrus Energy Trading Up 5.8 %

Shares of LEU opened at $47.30 on Tuesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.45 and a quick ratio of 0.80. Centrus Energy has a 12-month low of $24.88 and a 12-month high of $61.35. The firm has a 50-day moving average price of $43.58. The stock has a market capitalization of $741.47 million, a price-to-earnings ratio of 8.76 and a beta of 1.39.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $2.80. Centrus Energy had a net margin of 26.36% and a negative return on equity of 491.41%. The firm had revenue of $103.60 million during the quarter, compared to analyst estimates of $61.05 million. Equities research analysts predict that Centrus Energy will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP John M. A. Donelson sold 16,073 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were 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 SEC, which is accessible through this hyperlink. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Centrus Energy

Several hedge funds have recently made changes to their positions in LEU. Old West Investment Management LLC lifted its position in shares of Centrus Energy by 105.0% during the third quarter. Old West Investment Management LLC now owns 328,881 shares of the company’s stock worth $18,667,000 after purchasing an additional 168,425 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Centrus Energy by 1,086.8% during the third quarter. Price T Rowe Associates Inc. MD now owns 176,360 shares of the company’s stock worth $7,228,000 after purchasing an additional 161,500 shares in the last quarter. BlackRock Inc. lifted its position in shares of Centrus Energy by 18.5% during the second quarter. BlackRock Inc. now owns 749,515 shares of the company’s stock worth $24,404,000 after purchasing an additional 116,848 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Centrus Energy during the second quarter worth about $2,346,000. Finally, Renaissance Technologies LLC lifted its position in shares of Centrus Energy by 28.7% during the first quarter. Renaissance Technologies LLC now owns 390,526 shares of the company’s stock worth $12,575,000 after purchasing an additional 87,191 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.