Macquarie Group Ltd. boosted its stake in shares of Century Aluminum Co (NASDAQ:CENX) by 1,084.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,959 shares of the industrial products company’s stock after purchasing an additional 17,359 shares during the period. Macquarie Group Ltd.’s holdings in Century Aluminum were worth $139,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Century Aluminum by 2.4% in the fourth quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock valued at $846,000 after purchasing an additional 2,701 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $167,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Century Aluminum by 374.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 13,295 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $966,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Century Aluminum by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 398,412 shares of the industrial products company’s stock valued at $2,912,000 after purchasing an additional 2,312 shares during the period. Institutional investors own 55.93% of the company’s stock.
Century Aluminum stock opened at $9.75 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 2.26 and a debt-to-equity ratio of 0.33. The firm has a market cap of $812.31 million, a price-to-earnings ratio of -69.64 and a beta of 1.57. Century Aluminum Co has a twelve month low of $6.54 and a twelve month high of $19.38.
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $481.80 million during the quarter, compared to analyst estimates of $489.02 million. Century Aluminum had a negative return on equity of 1.34% and a negative net margin of 3.58%. Century Aluminum’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. Analysts anticipate that Century Aluminum Co will post -0.75 earnings per share for the current fiscal year.
CENX has been the subject of a number of research reports. Morgan Stanley initiated coverage on Century Aluminum in a report on Friday, December 21st. They issued an “equal weight” rating and a $10.00 price target for the company. BidaskClub lowered Century Aluminum from a “sell” rating to a “strong sell” rating in a report on Saturday, December 22nd. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Monday, December 31st. ValuEngine lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Berenberg Bank upgraded Century Aluminum from a “sell” rating to a “hold” rating and lowered their price target for the company from $10.00 to $9.00 in a report on Monday, January 14th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Century Aluminum currently has a consensus rating of “Hold” and a consensus price target of $13.89.
In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $8.96, for a total transaction of $224,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.
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Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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