Barclays PLC Acquires 70,825 Shares of Century Aluminum (NASDAQ:CENX)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quest Partners LLC increased its holdings in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock valued at $45,000 after buying an additional 1,385 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after acquiring an additional 1,233 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Century Aluminum during the third quarter worth $180,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Century Aluminum during the third quarter valued at $189,000. Finally, MQS Management LLC boosted its position in shares of Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock valued at $198,000 after purchasing an additional 883 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Down 0.1 %

NASDAQ:CENX traded down $0.01 on Friday, hitting $19.32. 887,687 shares of the company's stock traded hands, compared to its average volume of 1,154,998. The firm has a 50-day moving average price of $20.84 and a 200-day moving average price of $17.50. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.79 billion, a PE ratio of 6.46 and a beta of 2.53. Century Aluminum has a 1 year low of $9.65 and a 1 year high of $25.39.

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 for the quarter, beating the consensus estimate of $0.32 by $0.31. The firm had revenue of $539.10 million for the quarter, compared to analyst estimates 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 business earned ($0.13) EPS. Equities analysts anticipate that Century Aluminum will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CENX. BMO Capital Markets boosted their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" 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 on the stock in a report on Tuesday, December 3rd. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Finally, B. Riley lifted their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th.

Insider Transactions at Century Aluminum

In related news, CEO Jesse E. Gary sold 29,243 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now owns 50,753 shares of the company's stock, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by company insiders.

Century Aluminum Company Profile

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.