CloudAlpha Capital Management Limited Hong Kong Purchases 42,867 Shares of Centrus Energy Corp. $LEU

CloudAlpha Capital Management Limited Hong Kong raised its position in Centrus Energy Corp. (NYSE:LEU) by 33.1% in the fourth quarter, Holdings Channel reports. The fund owned 172,300 shares of the company’s stock after buying an additional 42,867 shares during the period. Centrus Energy makes up approximately 2.0% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 10th biggest holding. CloudAlpha Capital Management Limited Hong Kong’s holdings in Centrus Energy were worth $41,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB purchased a new stake in shares of Centrus Energy during the 4th quarter worth $1,329,000. ProShare Advisors LLC lifted its holdings in Centrus Energy by 14.6% during the 4th quarter. ProShare Advisors LLC now owns 3,083 shares of the company’s stock worth $748,000 after buying an additional 392 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Centrus Energy by 32.6% during the 4th quarter. HighTower Advisors LLC now owns 5,600 shares of the company’s stock worth $1,359,000 after buying an additional 1,378 shares during the last quarter. Intrua Financial LLC boosted its position in shares of Centrus Energy by 19.1% during the 4th quarter. Intrua Financial LLC now owns 996 shares of the company’s stock worth $242,000 after acquiring an additional 160 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Centrus Energy by 45.3% in the 4th quarter. DNB Asset Management AS now owns 9,215 shares of the company’s stock valued at $2,237,000 after acquiring an additional 2,871 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LEU. JPMorgan Chase & Co. cut their target price on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Northland Securities set a $285.00 price target on Centrus Energy in a report on Thursday, February 12th. UBS Group dropped their price target on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Zacks Research cut shares of Centrus Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Finally, Roth Mkm restated a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Stock Down 2.2%

LEU opened at $169.06 on Wednesday. Centrus Energy Corp. has a one year low of $90.83 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The stock has a market capitalization of $3.33 billion, a P/E ratio of 55.98, a price-to-earnings-growth ratio of 17.92 and a beta of 1.43. The business’s 50-day simple moving average is $196.85 and its 200-day simple moving average is $239.50.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. Analysts anticipate that Centrus Energy Corp. will post 2.55 EPS for the current year.

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.