TB Alternative Assets Ltd. Has $22.08 Million Holdings in Centrus Energy Corp. $LEU

TB Alternative Assets Ltd. lowered its stake in Centrus Energy Corp. (NYSE:LEU) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,972 shares of the company’s stock after selling 2,916 shares during the period. Centrus Energy accounts for 3.6% of TB Alternative Assets Ltd.’s holdings, making the stock its 9th largest holding. TB Alternative Assets Ltd. owned approximately 0.50% of Centrus Energy worth $22,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after acquiring an additional 194,909 shares during the last quarter. Van ECK Associates Corp increased its holdings in Centrus Energy by 25.9% in the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after purchasing an additional 160,482 shares in the last quarter. Jump Financial LLC acquired a new position in Centrus Energy in the 2nd quarter worth about $19,142,000. First Trust Advisors LP raised its position in Centrus Energy by 193.0% in the second quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock valued at $24,616,000 after purchasing an additional 88,513 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Centrus Energy by 8.8% during the third quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after purchasing an additional 86,509 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Up 5.2%

Shares of LEU opened at $182.57 on Thursday. The stock’s 50-day moving average price is $222.47 and its two-hundred day moving average price is $272.04. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25. The company has a market capitalization of $3.59 billion, a PE ratio of 43.78 and a beta of 1.35. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.63). The company had revenue of $146.20 million during the quarter, compared to analyst estimates of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. Centrus Energy’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on LEU shares. JPMorgan Chase & Co. reduced their price target on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $357.00 price objective on shares of Centrus Energy in a report on Monday, December 22nd. B. Riley Financial lifted their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Northland Securities set a $285.00 target price on shares of Centrus Energy in a report on Thursday, February 12th. Finally, Citigroup decreased their price target on shares of Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $270.64.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.