TB Alternative Assets Ltd. Boosts Holdings in Centrus Energy Corp. (NYSE:LEU)

TB Alternative Assets Ltd. lifted its stake in Centrus Energy Corp. (NYSE:LEU) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,874 shares of the company’s stock after buying an additional 26,171 shares during the period. Centrus Energy makes up 2.1% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 12th largest holding. TB Alternative Assets Ltd.’s holdings in Centrus Energy were worth $9,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of Centrus Energy in the 4th quarter valued at $3,474,000. Barclays PLC grew its position in Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after purchasing an additional 19,140 shares during the last quarter. Vontobel Holding Ltd. grew its position in Centrus Energy by 79.7% during the 4th quarter. Vontobel Holding Ltd. now owns 9,922 shares of the company’s stock worth $658,000 after purchasing an additional 4,402 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Centrus Energy during the 4th quarter worth $765,000. Finally, American Century Companies Inc. grew its position in Centrus Energy by 72.8% during the 4th quarter. American Century Companies Inc. now owns 23,768 shares of the company’s stock worth $1,583,000 after purchasing an additional 10,011 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Centrus Energy

In related news, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the business’s stock in a transaction that occurred 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. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. William Blair assumed coverage on shares of Centrus Energy in a research report on Wednesday, May 28th. They set an “outperform” rating on the stock. Craig Hallum assumed coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 price objective on the stock. Citigroup assumed coverage on shares of Centrus Energy in a research report on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price objective on the stock. Wall Street Zen raised shares of Centrus Energy to a “sell” rating in a research report on Monday, February 10th. Finally, Evercore ISI started coverage on shares of Centrus Energy in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $145.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Centrus Energy Stock Up 5.0%

Shares of NYSE LEU opened at $143.11 on Friday. 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 52 week low of $33.51 and a 52 week high of $146.83. The firm has a 50-day moving average price of $85.56 and a 200 day moving average price of $82.68. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 32.45 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last posted its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted ($0.38) earnings per share. Centrus Energy’s revenue was up 67.3% on a year-over-year basis. Equities research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Centrus Energy 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.