Steamboat Capital Partners LLC Has $13.65 Million Position in Century Aluminum Company $CENX

Steamboat Capital Partners LLC raised its position in Century Aluminum Company (NASDAQ:CENX – Free Report) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,666 shares of the industrial products company’s stock after purchasing an additional 20,418 shares during the quarter. Century Aluminum accounts for about 2.9% of Steamboat Capital Partners LLC’s holdings, making the stock its 9th biggest holding. Steamboat Capital Partners LLC’s holdings in Century Aluminum were worth $13,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CENX. Hollencrest Capital Management acquired a new position in shares of Century Aluminum in the first quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new stake in Century Aluminum during the 1st quarter worth approximately $42,000. Strs Ohio bought a new stake in Century Aluminum during the 1st quarter worth approximately $47,000. Northwestern Mutual Wealth Management Co. bought a new stake in Century Aluminum during the 2nd quarter worth approximately $37,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Century Aluminum in the 4th quarter valued at approximately $40,000. 61.59% of the stock is owned by institutional investors and hedge funds.

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Century Aluminum Stock Up 2.5%

Shares of Century Aluminum stock opened at $47.95 on Wednesday. The stock’s 50-day moving average is $45.64 and its 200 day moving average is $53.57. Century Aluminum Company has a one year low of $21.56 and a one year high of $70.43. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 8.28 and a beta of 1.99. 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 (NASDAQ:CENX – Get Free Report) last issued its earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.13. The business had revenue of $752.10 million for the quarter, compared to analyst estimates of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm’s quarterly revenue was up 59.0% on a year-over-year basis. Equities research analysts anticipate that Century Aluminum Company will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CENX shares. Zacks Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. B. Riley Financial restated a “buy” rating on shares of Century Aluminum in a report on Tuesday, August 18th. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Finally, UBS Group started coverage on Century Aluminum in a report on Monday, August 10th. They set a “buy” rating and a $60.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

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About Century Aluminum

(Free Report)

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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