Kennedy Capital Management Inc. purchased a new stake in Century Aluminum Co (NASDAQ:CENX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 394,637 shares of the industrial products company’s stock, valued at approximately $7,751,000. Kennedy Capital Management Inc. owned approximately 0.45% of Century Aluminum as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IndexIQ Advisors LLC increased its holdings in Century Aluminum by 752.8% during the 3rd quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 9,086 shares in the last quarter. SG Americas Securities LLC bought a new stake in Century Aluminum during the 4th quarter worth approximately $272,000. Macquarie Group Ltd. bought a new position in shares of Century Aluminum in the third quarter valued at approximately $275,000. Municipal Employees Retirement System of Michigan grew its holdings 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 valued at $309,000 after acquiring an additional 6,930 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Century Aluminum in the fourth quarter valued at approximately $350,000. 65.20% of the stock is owned by institutional investors.
Century Aluminum Co (NASDAQ:CENX) traded down $1.13 during mid-day trading on Wednesday, hitting $20.45. 4,210,441 shares of the stock traded hands, compared to its average volume of 2,760,000. Century Aluminum Co has a 1 year low of $11.26 and a 1 year high of $24.77. The stock has a market capitalization of $1,790.00, a price-to-earnings ratio of 40.10 and a beta of 0.71. 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 announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Century Aluminum had a net margin of 3.02% and a return on equity of 4.52%. The company had revenue of $433.80 million during the quarter, compared to analyst estimates of $427.73 million. During the same period in the previous year, the business earned ($0.12) EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. analysts forecast that Century Aluminum Co will post 1.17 earnings per share for the current year.
CENX has been the subject of several research reports. JPMorgan Chase & Co. raised Century Aluminum from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $18.00 to $14.50 in a report on Wednesday. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Cowen upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $23.00 to $30.00 in a research report on Tuesday. TheStreet upgraded Century Aluminum from a “c” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research cut Century Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.10.
Century Aluminum 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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