Barclays PLC Raises Holdings in Century Aluminum (NASDAQ:CENX)

Barclays PLC lifted its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 266.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,396 shares of the industrial products company's stock after acquiring an additional 70,825 shares during the period. Barclays PLC owned 0.10% of Century Aluminum worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CENX. Yaupon Capital Management LP lifted its holdings in shares of Century Aluminum by 401.5% during the third quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company's stock worth $5,226,000 after purchasing an additional 257,812 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $857,000. Mountaineer Partners Management LLC grew its holdings in shares of Century Aluminum by 1,607.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company's stock worth $370,841,000 after acquiring an additional 21,510,639 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Century Aluminum in the 3rd quarter valued at approximately $4,163,000. Finally, HITE Hedge Asset Management LLC acquired a new position in Century Aluminum during the third quarter worth $644,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Century Aluminum Price Performance

CENX stock traded down $0.58 during trading on Friday, hitting $18.41. The stock had a trading volume of 655,815 shares, compared to its average volume of 1,299,115. Century Aluminum has a 1-year low of $9.65 and a 1-year high of $25.39. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 6.16 and a beta of 2.50. The company's 50 day moving average price is $20.63 and its two-hundred day moving average price is $17.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. On average, sell-side analysts forecast that Century Aluminum will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CENX shares. Wolfe Research upgraded Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target for the company in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. B. Riley increased their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.