Centrus Energy Corp. $LEU Stock Position Reduced by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. lessened its holdings in Centrus Energy Corp. (NYSE:LEU) by 86.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,568 shares of the company’s stock after selling 66,378 shares during the period. Centrus Energy makes up 0.3% of TB Alternative Assets Ltd.’s holdings, making the stock its 22nd biggest holding. TB Alternative Assets Ltd.’s holdings in Centrus Energy were worth $1,474,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LEU. Western Wealth Management LLC purchased a new stake in shares of Centrus Energy during the first quarter worth about $31,000. Leonteq Securities AG acquired a new position in shares of Centrus Energy during the first quarter valued at about $35,000. IFP Advisors Inc raised its position in shares of Centrus Energy by 172.4% in the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company’s stock valued at $40,000 after purchasing an additional 150 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Centrus Energy in the 1st quarter valued at approximately $55,000. Finally, Fortitude Family Office LLC boosted its stake in Centrus Energy by 5,100.0% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $58,000 after purchasing an additional 408 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Bank of America lowered their target price on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group began coverage on shares of Centrus Energy in a report on Thursday, September 3rd. They set a “hold” rating and a $169.00 price objective on the stock. Needham & Company LLC cut their target price on Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, HC Wainwright reissued a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.13.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $126.92 on Friday. The business’s 50 day moving average price is $162.29 and its 200 day moving average price is $174.24. The firm has a market cap of $2.53 billion, a P/E ratio of 54.52, a P/E/G ratio of 9.53 and a beta of 1.53. Centrus Energy Corp. has a 52 week low of $112.78 and a 52 week high of $464.25. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million for the quarter. During the same quarter last year, the company posted $1.59 EPS. Centrus Energy’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts expect that Centrus Energy Corp. will post 4.21 earnings per share for the current year.

Centrus Energy Profile

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.