First Trust Advisors LP lowered its holdings in Century Aluminum (NASDAQ:CENX) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,974 shares of the industrial products company’s stock after selling 17,564 shares during the period. First Trust Advisors LP owned 0.16% of Century Aluminum worth $2,710,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Century Aluminum during the fourth quarter worth about $272,000. Macquarie Group Ltd. acquired a new position in shares of Century Aluminum in the third quarter worth about $275,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Century Aluminum by 59.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,660 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 6,930 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Century Aluminum in the fourth quarter worth about $350,000. Finally, Stevens Capital Management LP acquired a new position in shares of Century Aluminum in the third quarter worth about $366,000. 65.18% of the stock is owned by institutional investors and hedge funds.
Shares of CENX traded down $0.23 during mid-day trading on Friday, reaching $16.79. The company’s stock had a trading volume of 3,137,117 shares, compared to its average volume of 2,789,047. The firm has a market capitalization of $1,490.31, a P/E ratio of 46.64 and a beta of 0.87. Century Aluminum has a 1 year low of $11.59 and a 1 year high of $24.77. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 0.30.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Century Aluminum had a net margin of 3.02% and a return on equity of 4.52%. The business had revenue of $433.80 million for the quarter, compared to the consensus estimate of $427.73 million. During the same period in the prior year, the business posted ($0.12) earnings per share. Century Aluminum’s revenue for the quarter was up 27.7% compared to the same quarter last year. analysts expect that Century Aluminum will post 1.46 earnings per share for the current fiscal year.
Several analysts have issued reports on CENX shares. Cowen cut their price objective on Century Aluminum from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday. ValuEngine lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research lowered Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Friday, March 16th. JPMorgan Chase raised Century Aluminum from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $18.00 to $14.50 in a report on Wednesday, March 14th. Finally, BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Sunday, March 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.10.
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Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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