CloudAlpha Capital Management Limited Hong Kong Reduces Holdings in Centrus Energy Corp. $LEU

CloudAlpha Capital Management Limited Hong Kong decreased its position in shares of Centrus Energy Corp. (NYSE:LEU) by 54.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,433 shares of the company’s stock after selling 153,594 shares during the quarter. Centrus Energy makes up 1.4% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 12th largest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Centrus Energy were worth $40,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Centrus Energy by 157.7% during the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares during the period. Harbour Investments Inc. lifted its stake in shares of Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after buying an additional 189 shares in the last quarter. Comerica Bank lifted its stake in shares of Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares in the last quarter. Mather Group LLC. bought a new position in Centrus Energy in the 3rd quarter worth approximately $41,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Centrus Energy in the 3rd quarter valued at approximately $41,000. 49.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. B. Riley Financial increased their target price on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Evercore reissued an “outperform” rating and set a $390.00 price objective on shares of Centrus Energy in a report on Monday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. Finally, UBS Group set a $245.00 price target on shares of Centrus Energy in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.08.

Centrus Energy Price Performance

Centrus Energy stock opened at $276.45 on Tuesday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 42.01 and a beta of 1.21. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. The business has a 50-day simple moving average of $276.89 and a 200 day simple moving average of $274.09. Centrus Energy Corp. has a 52 week low of $49.40 and a 52 week high of $464.25.

Centrus Energy Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.