Centrus Energy Corp. $LEU Shares Acquired by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. grew its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 125.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,888 shares of the company’s stock after acquiring an additional 52,181 shares during the quarter. Centrus Energy comprises approximately 4.4% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 10th largest holding. TB Alternative Assets Ltd. owned about 0.52% of Centrus Energy worth $29,112,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after purchasing an additional 112 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Centrus Energy during the second quarter valued at $35,000. Harbour Investments Inc. increased its position in shares of Centrus Energy by 1,181.3% in the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after acquiring an additional 189 shares during the period. Comerica Bank increased its position in shares of Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after acquiring an additional 560 shares during the period. Finally, Farther Finance Advisors LLC raised its stake 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 acquiring an additional 271 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $254.81 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 38.73 and a beta of 1.33. The firm’s 50 day simple moving average is $284.55 and its 200-day simple moving average is $252.50. Centrus Energy Corp. has a 12 month low of $49.40 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last posted its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. During the same quarter last year, the firm earned ($0.30) earnings per share. The business’s revenue was up 29.8% compared to the same quarter last year. Analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LEU shares. B. Riley boosted their price target on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. UBS Group set a $245.00 price target on shares of Centrus Energy in a report on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $247.91.

Centrus Energy Profile

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.