Prudential Financial Inc. boosted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 13.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,609 shares of the industrial products company’s stock after buying an additional 11,538 shares during the period. Prudential Financial Inc. owned approximately 0.11% of Century Aluminum worth $1,226,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in Century Aluminum by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock worth $258,000 after buying an additional 300 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Century Aluminum by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,310 shares of the industrial products company’s stock valued at $225,000 after buying an additional 710 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Century Aluminum by 4.7% in the first quarter. CIBC World Markets Inc. now owns 25,328 shares of the industrial products company’s stock worth $321,000 after buying an additional 1,141 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Century Aluminum by 4.9% in the first quarter. Comerica Bank now owns 55,057 shares of the industrial products company’s stock worth $771,000 after buying an additional 2,550 shares in the last quarter. 65.17% of the stock is owned by institutional investors.
Century Aluminum Company (CENX) traded up 4.06% on Friday, hitting $14.36. 3,015,847 shares of the stock traded hands. The firm’s 50 day moving average is $16.15 and its 200 day moving average is $14.46. The stock’s market cap is $1.25 billion. Century Aluminum Company has a 52 week low of $5.53 and a 52 week high of $19.08.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.28. The company had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. Century Aluminum’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. Equities analysts anticipate that Century Aluminum Company will post $0.44 earnings per share for the current year.
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Several equities research analysts have commented on CENX shares. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, June 14th. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BMO Capital Markets restated a “hold” rating and set a $14.00 target price on shares of Century Aluminum in a report on Sunday, July 2nd. Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and raised their price objective for the stock from $10.00 to $15.00 in a research note on Friday, June 23rd. Finally, Cowen and Company set a $16.00 price objective on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.20.
In related news, insider Michael A. Bless sold 27,618 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.
About Century Aluminum
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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