Canada Pension Plan Investment Board Buys 84,800 Shares of Century Aluminum Co (CENX)

Canada Pension Plan Investment Board raised its stake in shares of Century Aluminum Co (NASDAQ:CENX) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,947,602 shares of the industrial products company’s stock after purchasing an additional 84,800 shares during the period. Canada Pension Plan Investment Board’s holdings in Century Aluminum were worth $28,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Virtu Financial LLC boosted its position in Century Aluminum by 19.9% during the 4th quarter. Virtu Financial LLC now owns 13,223 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 2,197 shares in the last quarter. Arizona State Retirement System boosted its position in Century Aluminum by 6.2% during the 4th quarter. Arizona State Retirement System now owns 75,573 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 4,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Century Aluminum by 44.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,000 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 5,500 shares in the last quarter. Legal & General Group Plc boosted its position in Century Aluminum by 5.6% during the 3rd quarter. Legal & General Group Plc now owns 112,603 shares of the industrial products company’s stock valued at $1,328,000 after acquiring an additional 5,962 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Century Aluminum by 6.8% in the 3rd quarter. Bank of Montreal Can now owns 116,889 shares of the industrial products company’s stock worth $1,399,000 after purchasing an additional 7,395 shares in the last quarter. 58.16% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum stock opened at $8.57 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $751.01 million, a PE ratio of 23.81 and a beta of 1.58. Century Aluminum Co has a 1-year low of $6.54 and a 1-year high of $24.77.

CENX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Monday, December 31st. BMO Capital Markets lowered their price objective on Century Aluminum from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Morgan Stanley initiated coverage on Century Aluminum in a research report on Friday, December 21st. They issued an “equal weight” rating and a $10.00 price objective for the company. Macquarie set a $13.00 price objective on Century Aluminum and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Berenberg Bank raised Century Aluminum from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $9.00 in a research report on Monday, January 14th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Century Aluminum currently has a consensus rating of “Hold” and a consensus target price of $14.36.

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Century Aluminum Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

See Also: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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