TB Alternative Assets Ltd. Sells 103,167 Shares of Centrus Energy Corp. $LEU

Key Points

• TB Alternative Assets Ltd. reduced its holdings in Centrus Energy Corp. by 71.2%, selling 103,167 shares and now holding only 41,707 shares, which accounts for 1.4% of its portfolio.
• Centrus Energy reported earnings per share (EPS) of $1.59 for the last quarter, significantly exceeding estimates of $0.58, despite a year-over-year revenue decline of 18.3%.
• Research analysts have mixed ratings on Centrus Energy, with a current consensus rating of "Moderate Buy" and an average price target of $202.09 reflecting varied market expectations.

TB Alternative Assets Ltd. decreased its holdings in Centrus Energy Corp. (NYSE:LEU - Free Report) by 71.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,707 shares of the company's stock after selling 103,167 shares during the period. Centrus Energy accounts for about 1.4% of TB Alternative Assets Ltd.'s portfolio, making the stock its 16th biggest holding. TB Alternative Assets Ltd. owned approximately 0.24% of Centrus Energy worth $7,640,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Centrus Energy by 2,084.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after purchasing an additional 271 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy in the first quarter worth $28,000. State of Wyoming bought a new position in shares of Centrus Energy during the fourth quarter worth $33,000. Comerica Bank grew its stake in Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company's stock valued at $41,000 after acquiring an additional 560 shares in the last quarter. Finally, KBC Group NV bought a new stake in Centrus Energy in the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Price Performance

Shares of LEU stock opened at $276.00 on Thursday. The stock has a 50 day moving average price of $219.91 and a 200 day moving average price of $148.66. Centrus Energy Corp. has a 52-week low of $49.40 and a 52-week high of $312.54. 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 firm has a market capitalization of $5.03 billion, a P/E ratio of 62.59 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on LEU shares. William Blair reissued an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. HC Wainwright reissued a "buy" rating and set a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. Bank of America reaffirmed a "neutral" rating and issued a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Northland Capmk raised Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Northland Securities set a $275.00 target price on shares of Centrus Energy in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Centrus Energy presently has a consensus rating of "Moderate Buy" and an average price target of $202.09.

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.

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