California Public Employees Retirement System lowered its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 20.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199,300 shares of the industrial products company’s stock after selling 51,800 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Century Aluminum worth $3,105,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of Century Aluminum by 41.9% during the 2nd quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock valued at $1,525,000 after purchasing an additional 28,900 shares during the last quarter. First Trust Advisors LP bought a new position in Century Aluminum in the 2nd quarter worth approximately $2,825,000. Prudential Financial Inc. boosted its stake in Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after purchasing an additional 11,538 shares during the period. Great West Life Assurance Co. Can boosted its stake in Century Aluminum by 18.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 77,580 shares of the industrial products company’s stock worth $1,208,000 after purchasing an additional 12,258 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Century Aluminum by 35.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,179,380 shares of the industrial products company’s stock worth $33,955,000 after purchasing an additional 569,285 shares during the period. 67.35% of the stock is owned by hedge funds and other institutional investors.
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CENX has been the subject of a number of analyst reports. Macquarie initiated coverage on Century Aluminum in a research report on Thursday, September 7th. They issued a “neutral” rating for the company. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, July 18th. 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. Finally, Deutsche Bank AG upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Century Aluminum currently has an average rating of “Hold” and an average price target of $17.10.
Century Aluminum Company (CENX) traded up $0.09 during mid-day trading on Friday, reaching $14.34. The company’s stock had a trading volume of 1,208,800 shares, compared to its average volume of 2,487,698. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61. Century Aluminum Company has a twelve month low of $8.39 and a twelve month high of $20.68.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) EPS. sell-side analysts predict that Century Aluminum Company will post 0.39 earnings per share for the current fiscal year.
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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