Centrus Energy Corp. (NYSE:LEU) Stake Lifted by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. grew its holdings in shares of Centrus Energy Corp. (NYSE:LEU - Free Report) by 22.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,874 shares of the company's stock after purchasing an additional 26,171 shares during the quarter. Centrus Energy makes up about 2.1% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 12th biggest position. TB Alternative Assets Ltd. owned 0.86% of Centrus Energy worth $9,013,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Cape Investment Advisory Inc. purchased a new stake in Centrus Energy in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. grew its stake in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after buying an additional 192 shares during the period. State of Wyoming acquired a new stake in shares of Centrus Energy during the 4th quarter worth $33,000. Altshuler Shaham Ltd purchased a new position in shares of Centrus Energy in the 4th quarter worth $49,000. Finally, National Bank of Canada FI acquired a new position in Centrus Energy in the fourth quarter valued at $51,000. Institutional investors and hedge funds own 49.96% of the company's stock.

Centrus Energy Stock Up 2.1%

Shares of NYSE LEU traded up $2.97 during midday trading on Monday, reaching $146.08. 1,261,410 shares of the company's stock were exchanged, compared to its average volume of 783,805. The stock has a market capitalization of $2.49 billion, a PE ratio of 33.12 and a beta of 1.37. Centrus Energy Corp. has a 52-week low of $33.51 and a 52-week high of $152.63. 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 business's fifty day moving average price is $85.56 and its two-hundred day moving average price is $82.75.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same period last year, the business posted ($0.38) EPS. The business's quarterly revenue was up 67.3% on a year-over-year basis. Analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Buying and Selling at Centrus Energy

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

Analyst Ratings Changes

A number of equities analysts have recently commented on LEU shares. Evercore ISI assumed coverage on Centrus Energy in a report on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price objective on the stock. HC Wainwright assumed coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target on the stock. Bank of America began coverage on shares of Centrus Energy in a research report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 price objective for the company. Craig Hallum assumed coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 target price on the stock. Finally, Citigroup began coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $146.00.

About Centrus Energy

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.