Mainstay Capital Management LLC ADV acquired a new stake in shares of Century Aluminum (NASDAQ:CENX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,345 shares of the industrial products company’s stock, valued at approximately $270,000.
Other large investors also recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in Century Aluminum by 154.6% during the first quarter. Global X Management Co. LLC now owns 12,906 shares of the industrial products company’s stock valued at $213,000 after buying an additional 7,836 shares during the last quarter. SG Americas Securities LLC purchased a new position in Century Aluminum during the fourth quarter valued at $272,000. Teacher Retirement System of Texas purchased a new position in Century Aluminum during the fourth quarter valued at $350,000. Cambridge Investment Research Advisors Inc. purchased a new position in Century Aluminum during the first quarter valued at $321,000. Finally, Lazard Asset Management LLC purchased a new position in Century Aluminum during the fourth quarter valued at $410,000. Institutional investors and hedge funds own 57.42% of the company’s stock.
Century Aluminum opened at $16.28 on Friday, Marketbeat Ratings reports. Century Aluminum has a 1-year low of $12.94 and a 1-year high of $24.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.88 and a quick ratio of 1.21. The firm has a market capitalization of $1.43 billion, a PE ratio of 45.22 and a beta of 0.86.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.14. Century Aluminum had a return on equity of 4.59% and a net margin of 3.75%. The firm had revenue of $454.50 million during the quarter, compared to analysts’ expectations of $439.06 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. research analysts anticipate that Century Aluminum will post 0.92 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. ValuEngine cut Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 30th. Cowen decreased their price target on Century Aluminum from $25.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, May 4th. TheStreet cut Century Aluminum from a “b-” rating to a “c” rating in a research note on Thursday, May 3rd. Finally, BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.60.
Century Aluminum 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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