AlphaQuest LLC Increases Holdings in Centrus Energy Corp. $LEU

Key Points

• AlphaQuest LLC significantly increased its stake in Centrus Energy Corp. by 803% during Q1, acquiring an additional 2,168 shares, raising its total holdings to 2,438 shares valued at approximately $152,000.
• Centrus Energy shares recently traded at $201.73 but have seen a decline of 3.7%, with analysts maintaining a consensus rating of "Moderate Buy" and an average target price of $202.09.
• The company reported a net margin of 16.56% with earnings of $1.59 per share, significantly beating estimates, though its revenue fell by 18.3% year-over-year.

AlphaQuest LLC raised its position in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 803.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,438 shares of the company's stock after acquiring an additional 2,168 shares during the quarter. AlphaQuest LLC's holdings in Centrus Energy were worth $152,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of Centrus Energy during the first quarter valued at approximately $28,000. State of Wyoming purchased a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $33,000. KBC Group NV purchased a new stake in shares of Centrus Energy in the first quarter valued at approximately $53,000. Parallel Advisors LLC grew its position in shares of Centrus Energy by 69.5% in the first quarter. Parallel Advisors LLC now owns 1,271 shares of the company's stock valued at $79,000 after purchasing an additional 521 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Centrus Energy in the first quarter valued at approximately $83,000. Institutional investors and hedge funds own 49.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. B. Riley restated a "buy" rating and issued a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 price target for the company in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. William Blair restated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Finally, Bank of America restated a "neutral" rating and issued a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $202.09.

Centrus Energy Stock Performance

LEU traded down $1.75 during trading on Thursday, reaching $199.79. The company's stock had a trading volume of 430,111 shares, compared to its average volume of 1,058,336. Centrus Energy Corp. has a 52-week low of $34.91 and a 52-week high of $264.90. The company's fifty day moving average price is $203.56 and its 200-day moving average price is $133.22. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 45.30 and a beta of 1.53. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same period last year, the firm posted $1.89 EPS. Centrus Energy's quarterly revenue was down 18.3% compared to the same quarter last year. On average, equities analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share 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.