SG Americas Securities LLC Buys Shares of 29,245 Century Aluminum (NASDAQ:CENX)

SG Americas Securities LLC acquired a new position in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,245 shares of the industrial products company's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CENX. Vanguard Group Inc. boosted its holdings in shares of Century Aluminum by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company's stock worth $89,567,000 after acquiring an additional 39,900 shares in the last quarter. Encompass Capital Advisors LLC boosted its stake in Century Aluminum by 1,208.7% in the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company's stock worth $23,477,000 after purchasing an additional 1,294,538 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Century Aluminum by 30.4% during the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company's stock worth $19,870,000 after purchasing an additional 276,304 shares during the last quarter. Castle Hook Partners LP grew its holdings in shares of Century Aluminum by 1,147.0% during the first quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company's stock worth $15,034,000 after purchasing an additional 898,554 shares during the last quarter. Finally, Impala Asset Management LLC increased its stake in shares of Century Aluminum by 20.6% in the second quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company's stock valued at $14,238,000 after buying an additional 145,000 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a "market perform" rating on the stock in a report on Friday, August 9th. B. Riley decreased their price target on shares of Century Aluminum from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th.

Century Aluminum Trading Down 4.3 %

CENX stock traded down $0.76 during midday trading on Thursday, reaching $16.95. The stock had a trading volume of 899,008 shares, compared to its average volume of 1,343,021. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 7.78 and a beta of 2.48. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $21.37. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $14.75 and a two-hundred day simple moving average of $16.14.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The business had revenue of $560.80 million for the quarter, compared to analyst estimates of $530.90 million. As a group, research analysts expect that Century Aluminum will post 0.07 EPS for the current fiscal year.

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.