Centiva Capital LP acquired a new stake in Century Aluminum (NASDAQ:CENX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,463 shares of the industrial products company's stock, valued at approximately $559,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Century Aluminum by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,013 shares of the industrial products company's stock worth $524,000 after purchasing an additional 2,045 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Century Aluminum during the first quarter valued at $521,000. Assenagon Asset Management S.A. increased its holdings in Century Aluminum by 125.7% in the second quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company's stock valued at $8,906,000 after buying an additional 296,101 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Century Aluminum by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company's stock worth $6,144,000 after acquiring an additional 1,641 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Century Aluminum by 43.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,242 shares of the industrial products company's stock worth $255,000 after acquiring an additional 4,598 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.
Century Aluminum Trading Down 5.0 %
Century Aluminum stock traded down $1.20 during trading on Friday, hitting $22.72. The company had a trading volume of 881,701 shares, compared to its average volume of 1,051,592. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 7.60 and a beta of 2.50. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a 1-year low of $7.28 and a 1-year high of $25.39. The company's 50 day simple moving average is $19.64 and its 200-day simple moving average is $17.04.
Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.31. The business had revenue of $539.10 million during the quarter, compared to analysts' expectations of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period in the prior year, the firm posted ($0.13) EPS. As a group, analysts expect that Century Aluminum will post 0.56 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CENX has been the topic of a number of recent analyst reports. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. B. Riley increased their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Wolfe Research upgraded shares of 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. Finally, BMO Capital Markets raised their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th.
Read Our Latest Stock Report on Century Aluminum
About Century Aluminum
(
Free Report)
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.
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