Yong Rong HK Asset Management Ltd Reduces Holdings in Centrus Energy Corp. (NYSE:LEU)

Yong Rong HK Asset Management Ltd lowered its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 36.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,400 shares of the company's stock after selling 147,852 shares during the period. Centrus Energy accounts for 3.7% of Yong Rong HK Asset Management Ltd's portfolio, making the stock its 10th largest position. Yong Rong HK Asset Management Ltd owned 1.52% of Centrus Energy worth $15,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of LEU. PNC Financial Services Group Inc. increased its holdings in shares of Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. State of Wyoming bought a new position in Centrus Energy in the fourth quarter valued at approximately $33,000. Altshuler Shaham Ltd bought a new position in Centrus Energy in the fourth quarter valued at approximately $49,000. National Bank of Canada FI bought a new position in Centrus Energy in the fourth quarter valued at approximately $51,000. Finally, KBC Group NV bought a new position in Centrus Energy in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 49.96% of the company's stock.

Insiders Place Their Bets

In other news, SVP John M. A. Donelson sold 3,732 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the company's 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 disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. B. Riley reissued a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. JPMorgan Chase & Co. assumed coverage on shares of Centrus Energy in a research note on Thursday, June 26th. They issued a "neutral" rating and a $148.00 price target on the stock. William Blair assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Northland Securities assumed coverage on shares of Centrus Energy in a report on Monday. They set an "outperform" rating and a $205.00 target price for the company. Finally, Craig Hallum assumed coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Centrus Energy currently has an average rating of "Moderate Buy" and an average target price of $170.00.

Centrus Energy Trading Up 4.6%

NYSE LEU traded up $8.00 on Monday, hitting $183.65. The company's stock had a trading volume of 1,048,050 shares, compared to its average volume of 865,979. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $211.31. The company's 50-day moving average is $129.49 and its 200 day moving average is $96.07. The firm has a market cap of $3.13 billion, a PE ratio of 41.64 and a beta of 1.45.

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