Jefferies Financial Group Inc. purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 486,175 shares of the industrial products company’s stock, valued at approximately $22,369,000. Jefferies Financial Group Inc. owned approximately 0.49% of Century Aluminum as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in Century Aluminum by 510.6% during the first quarter. Cetera Investment Advisers now owns 43,612 shares of the industrial products company’s stock worth $2,560,000 after acquiring an additional 36,469 shares during the last quarter. Vanguard Group Inc. raised its holdings in Century Aluminum by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after acquiring an additional 1,094,257 shares during the last quarter. Sigma Planning Corp acquired a new stake in Century Aluminum in the 4th quarter valued at about $1,249,000. Kailix Advisors LLC purchased a new position in Century Aluminum in the 4th quarter worth approximately $5,742,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Century Aluminum in the 4th quarter worth approximately $899,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.
Wall Street Analysts Forecast Growth
CENX has been the subject of a number of analyst reports. B. Riley Financial restated a “buy” rating on shares of Century Aluminum in a research report on Tuesday, August 18th. Zacks Research downgraded Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Century Aluminum currently has an average rating of “Moderate Buy” and an average target price of $72.00.
Century Aluminum Stock Up 4.4%
Shares of NASDAQ CENX opened at $45.89 on Friday. The company has a 50 day simple moving average of $45.69 and a 200-day simple moving average of $53.74. The company has a market capitalization of $4.54 billion, a P/E ratio of 7.93 and a beta of 1.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. Century Aluminum Company has a 1 year low of $20.91 and a 1 year high of $70.43.
Century Aluminum (NASDAQ:CENX – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.13. The firm had revenue of $752.10 million for the quarter, compared to analysts’ expectations of $817.15 million. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.Century Aluminum’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 7.75 earnings per share for the current year.
About Century Aluminum
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.
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