Landscape Capital Management L.L.C. Buys New Holdings in Century Aluminum Company $CENX

Landscape Capital Management L.L.C. acquired a new stake in Century Aluminum Company (NASDAQ:CENX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,885 shares of the industrial products company’s stock, valued at approximately $547,000.

A number of other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its position in Century Aluminum by 510.6% in the first quarter. Cetera Investment Advisers now owns 43,612 shares of the industrial products company’s stock valued at $2,560,000 after acquiring an additional 36,469 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after purchasing an additional 1,094,257 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Century Aluminum during the fourth quarter worth $1,249,000. Kailix Advisors LLC acquired a new position in shares of Century Aluminum during the fourth quarter worth $5,742,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Century Aluminum by 132.4% in the fourth quarter. GSA Capital Partners LLP now owns 46,609 shares of the industrial products company’s stock valued at $1,826,000 after purchasing an additional 26,552 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Price Performance

CENX stock opened at $43.92 on Monday. Century Aluminum Company has a twelve month low of $20.91 and a twelve month high of $70.43. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.35 billion, a P/E ratio of 7.59 and a beta of 1.96. The firm has a 50 day simple moving average of $46.41 and a 200-day simple moving average of $53.88.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm had revenue of $752.10 million for the quarter, compared to analysts’ expectations of $817.15 million. The firm’s quarterly revenue was up 59.0% compared to the same quarter last year. On average, equities research analysts predict that Century Aluminum Company will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CENX. UBS Group began coverage on shares of Century Aluminum in a report on Monday, August 10th. They set a “buy” rating and a $60.00 price target for the company. Weiss Ratings cut shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Zacks Research downgraded Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Wells Fargo & Company lifted their target price on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.