Centrus Energy (NYSEAMERICAN:LEU) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Centrus Energy (NYSEAMERICAN:LEU) from a hold rating to a sell rating in a research note released on Wednesday morning, 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 upgraded shares of Centrus Energy from a neutral rating to a buy rating in a research report on Tuesday, December 21st.

LEU opened at $46.10 on Wednesday. Centrus Energy has a 1-year low of $19.27 and a 1-year high of $88.88. The company has a market capitalization of $646.18 million, a price-to-earnings ratio of 45.20 and a beta of 2.44.

Centrus Energy (NYSEAMERICAN:LEU) last released its quarterly earnings results on Wednesday, November 10th. The basic materials company reported $2.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $91.30 million for the quarter, compared to the consensus estimate of $55.50 million. On average, sell-side analysts predict that Centrus Energy will post 5.12 EPS for the current fiscal year.

In other Centrus Energy news, CEO Daniel B. Poneman sold 12,000 shares of Centrus Energy stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $52.66, for a total value of $631,920.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Philip O. Strawbridge sold 10,000 shares of Centrus Energy stock in a transaction on Tuesday, December 21st. The stock was 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 have sold a total of 46,376 shares of company stock worth $2,516,590 over the last 90 days. Insiders own 14.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD purchased a new position in shares of Centrus Energy in the 2nd quarter worth $207,000. Deutsche Bank AG purchased a new position in shares of Centrus Energy during the 2nd quarter worth about $142,000. Dupont Capital Management Corp boosted its stake in shares of Centrus Energy by 2.3% during the 3rd quarter. Dupont Capital Management Corp now owns 123,075 shares of the basic materials company’s stock worth $4,758,000 after purchasing an additional 2,776 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Centrus Energy during the 2nd quarter worth about $347,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Centrus Energy by 114.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 62,975 shares of the basic materials company’s stock worth $1,598,000 after purchasing an additional 33,647 shares during the period. 39.90% of the stock is owned by institutional investors and hedge funds.

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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