CloudAlpha Capital Management Limited Hong Kong Has $24.02 Million Stock Position in Centrus Energy Corp. (NYSE:LEU)

Key Points

• CloudAlpha Capital Management Limited Hong Kong has reduced its holdings in Centrus Energy Corp. by 38.4% during the first quarter, now owning approximately 2.30% of the company valued at $24 million.
• Other large investors such as Soros Fund Management and Anatole Investment Management have recently acquired new positions in Centrus Energy, indicating strong interest from institutional investors.
• Centrus Energy's stock has seen significant performance, with a current price of $242.33 and a one-year high of $250.88, just after reporting an EPS of $1.60 that exceeded analysts' expectations.

CloudAlpha Capital Management Limited Hong Kong lessened its stake in Centrus Energy Corp. (NYSE:LEU - Free Report) by 38.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,110 shares of the company's stock after selling 240,892 shares during the period. Centrus Energy comprises about 1.9% of CloudAlpha Capital Management Limited Hong Kong's investment portfolio, making the stock its 11th largest position. CloudAlpha Capital Management Limited Hong Kong owned approximately 2.30% of Centrus Energy worth $24,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nuveen Asset Management LLC raised its stake in shares of Centrus Energy by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after purchasing an additional 188 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Centrus Energy by 77.4% during 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. Old West Investment Management LLC raised its stake in shares of Centrus Energy by 1.9% during the fourth quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock valued at $676,000 after purchasing an additional 192 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock valued at $93,000 after purchasing an additional 195 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Centrus Energy by 4.6% during the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock valued at $280,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 49.96% of the company's stock.

Insider Activity at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

LEU has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Centrus Energy in a research report on Thursday, June 26th. They issued a "neutral" rating and a $148.00 price target on the stock. William Blair restated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. Northland Capmk upgraded Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. B. Riley restated a "buy" rating and set a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Finally, Northland Securities initiated coverage on Centrus Energy in a report on Monday, July 7th. They set an "outperform" rating and a $205.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $178.64.

Centrus Energy Stock Down 5.9%

LEU stock traded down $14.24 during mid-day trading on Tuesday, reaching $225.16. The company had a trading volume of 571,743 shares, compared to its average volume of 970,846. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The stock has a 50 day simple moving average of $172.44 and a two-hundred day simple moving average of $112.37. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 50.96 and a beta of 1.45. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $250.88.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share 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 in the prior year, the business earned ($0.38) earnings per share. The business's quarterly revenue was up 67.3% compared to the same quarter last year. As a group, equities analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

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.