Investors Buy Large Volume of Call Options on Centrus Energy (NYSE:LEU)

Centrus Energy Corp. (NYSE:LEU) saw unusually large options trading activity on Friday. Stock traders bought 4,030 call options on the company. This represents an increase of 40% compared to the typical daily volume of 2,869 call options.

Wall Street Analyst Weigh In

A number of research firms recently commented on LEU. Evercore ISI reiterated an “outperform” rating and issued a $205.00 target price (up from $145.00) on shares of Centrus Energy in a report on Wednesday. Bank of America started coverage on shares of Centrus Energy in a report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 target price on the stock. William Blair started coverage on shares of Centrus Energy in a research report on Wednesday, May 28th. They issued an “outperform” rating on the stock. HC Wainwright started coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, Craig Hallum started coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.57.

Insiders Place Their Bets

In related news, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEU. Anatole Investment Management Ltd purchased a new stake in Centrus Energy in the 4th quarter worth approximately $27,880,000. Reaves W H & Co. Inc. purchased a new stake in Centrus Energy in the 4th quarter worth approximately $15,215,000. Soros Fund Management LLC bought a new stake in Centrus Energy in the fourth quarter worth approximately $14,821,000. Voloridge Investment Management LLC grew its position in Centrus Energy by 1,300.5% in the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock worth $15,664,000 after acquiring an additional 218,364 shares in the last quarter. Finally, Granahan Investment Management LLC acquired a new position in shares of Centrus Energy during the 1st quarter worth $13,440,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Up 5.0%

Centrus Energy stock opened at $190.04 on Friday. Centrus Energy has a twelve month low of $33.51 and a twelve month high of $211.31. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The firm has a market cap of $3.24 billion, a PE ratio of 43.09 and a beta of 1.37. The firm’s 50 day moving average price is $104.40 and its two-hundred day moving average price is $87.72.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period in the prior year, the business posted ($0.38) earnings per share. The company’s revenue was up 67.3% compared to the same quarter last year. On average, research analysts predict that Centrus Energy will post 2.63 EPS for the current fiscal year.

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.