Vanguard Group Inc. raised its stake in Century Aluminum Company (NASDAQ:CENX) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,524,482 shares of the industrial products company’s stock after buying an additional 106,570 shares during the period. Vanguard Group Inc. owned about 0.05% of Century Aluminum worth $57,416,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of CENX. Clinton Group Inc. acquired a new stake in Century Aluminum during the first quarter valued at $143,000. Mason Street Advisors LLC boosted its stake in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after buying an additional 783 shares during the last quarter. 361 Capital LLC acquired a new stake in Century Aluminum during the first quarter valued at $162,000. Laurion Capital Management LP boosted its stake in Century Aluminum by 27.9% in the first quarter. Laurion Capital Management LP now owns 13,300 shares of the industrial products company’s stock valued at $169,000 after buying an additional 2,900 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Century Aluminum by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock valued at $258,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 65.17% of the company’s stock.
Century Aluminum Company (NASDAQ:CENX) traded up 2.172% during midday trading on Tuesday, reaching $13.875. The company had a trading volume of 416,073 shares. The firm’s market capitalization is $1.21 billion. The firm’s 50-day moving average price is $16.28 and its 200 day moving average price is $14.43. Century Aluminum Company has a 12 month low of $5.53 and a 12 month high of $19.08.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.28. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The business had revenue of $388.80 million for the quarter, compared to analyst estimates of $398.33 million. During the same quarter last year, the business earned ($0.05) EPS. Century Aluminum’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities analysts anticipate that Century Aluminum Company will post $0.44 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Tuesday, August 1st. Cowen and Company set a $16.00 target price on Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets restated a “hold” rating and set a $14.00 target price on shares of Century Aluminum in a research note on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.20.
In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total transaction of $410,955.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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