TB Alternative Assets Ltd. Sells 66,378 Shares of Centrus Energy Corp. $LEU

Key Points

• TB Alternative Assets Ltd. cut its Centrus Energy stake by 86.3% in the third quarter, selling 66,378 shares and retaining 10,568 shares valued at approximately $1.47 million.
• Centrus Energy reported quarterly EPS of $1.77, exceeding estimates of $0.74, while revenue rose 14% year over year to $176.1 million.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $231.13, although the stock recently traded at $126.92, well below its 52-week high of $464.25.

TB Alternative Assets Ltd. reduced its position in Centrus Energy Corp. (NYSE:LEU - Free Report) by 86.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,568 shares of the company's stock after selling 66,378 shares during the quarter. Centrus Energy accounts for approximately 0.3% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 22nd largest holding. TB Alternative Assets Ltd. owned approximately 0.05% of Centrus Energy worth $1,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new position in Centrus Energy during the second quarter valued at approximately $1,356,000. Arlington Capital Management Inc. purchased a new stake in Centrus Energy during the first quarter worth $3,115,000. California State Teachers Retirement System lifted its holdings in Centrus Energy by 24.3% during the first quarter. California State Teachers Retirement System now owns 19,606 shares of the company's stock worth $3,403,000 after buying an additional 3,837 shares during the period. Engineers Gate Manager LP lifted its holdings in Centrus Energy by 261.4% during the second quarter. Engineers Gate Manager LP now owns 4,756 shares of the company's stock worth $798,000 after buying an additional 3,440 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company's stock worth $27,868,000 after buying an additional 109,960 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Trading Up 5.8%

NYSE LEU opened at $126.92 on Friday. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The firm has a market cap of $2.53 billion, a PE ratio of 54.52, a price-to-earnings-growth ratio of 9.53 and a beta of 1.53. The company has a 50 day moving average price of $162.29 and a 200 day moving average price of $174.24. Centrus Energy Corp. has a 52 week low of $112.78 and a 52 week high of $464.25.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company's revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. As a group, sell-side analysts forecast that Centrus Energy Corp. will post 4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Centrus Energy in a report on Thursday, September 3rd. They issued a "hold" rating and a $169.00 price target on the stock. Truist Financial assumed coverage on Centrus Energy in a research note on Monday, July 13th. They set a "buy" rating and a $215.00 price objective for the company. Needham & Company LLC decreased their price objective on Centrus Energy from $264.00 to $262.00 and set a "buy" rating for the company in a research note on Friday, August 7th. HC Wainwright reaffirmed a "buy" rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Monday, July 27th. Finally, Bank of America dropped their price objective on Centrus Energy from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.13.

About Centrus Energy

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.

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