Centrus Energy (NYSEAMERICAN:LEU) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Centrus Energy (NYSEAMERICAN:LEU) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Centrus Energy Corp. is a supplier of enriched uranium fuel for commercial nuclear power plants. The Company operates in two segments, LEU and Contract Services. Its LEU is a component in the production of nuclear fuel for reactors to produce electricity. The Company also provides contract work services for the U.S. Department of Energy and its contractors. Centrus Energy Corp., formerly known as USEC Inc., is headquartered in Bethesda, Maryland. “

Separately, Roth Capital raised shares of Centrus Energy from a neutral rating to a buy rating in a report on Tuesday, December 21st.

NYSEAMERICAN:LEU opened at $46.10 on Wednesday. The company has a market capitalization of $646.18 million, a P/E ratio of 45.20 and a beta of 2.44. Centrus Energy has a 12 month low of $19.27 and a 12 month high of $88.88.

Centrus Energy (NYSEAMERICAN:LEU) last posted its quarterly earnings results on Wednesday, November 10th. The basic materials company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $2.53. Centrus Energy had a net margin of 24.88% and a negative return on equity of 44.73%. The company had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $55.50 million. On average, analysts expect that Centrus Energy will post 5.12 earnings per share for the current fiscal year.

In other Centrus Energy news, CEO Daniel B. Poneman sold 12,000 shares of the company’s stock in a transaction dated Thursday, October 28th. The shares were sold at an average price of $52.66, for a total transaction of $631,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Philip O. Strawbridge sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 21st. The shares were sold at an average price of $53.68, for a total transaction of $536,800.00. The disclosure for this sale can be found here. Insiders sold 46,376 shares of company stock valued at $2,516,590 over the last quarter. 14.00% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA bought a new position in shares of Centrus Energy during the second quarter valued at about $31,000. Royal Bank of Canada raised its stake in shares of Centrus Energy by 72.7% during the third quarter. Royal Bank of Canada now owns 1,119 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 471 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Centrus Energy during the third quarter valued at about $102,000. Bank of America Corp DE raised its stake in Centrus Energy by 1,434.4% in the second quarter. Bank of America Corp DE now owns 4,419 shares of the basic materials company’s stock worth $112,000 after buying an additional 4,131 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Centrus Energy by 598.9% in the third quarter. Citigroup Inc. now owns 3,145 shares of the basic materials company’s stock worth $122,000 after buying an additional 2,695 shares in the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. engages in the supply of nuclear fuel and services for the nuclear power industry. It operates through the Low-enriched Uranium (LEU) and Technical Solutions segments. The LEU segment includes various components of nuclear fuel to utilities from its global network of suppliers. The Technical Solutions segment offers advanced engineering, design, and manufacturing services to government and private sector customers, and is deploying advanced nuclear fuel production capabilities to power existing, and next-generation reactors around the world.

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