Northern Trust Corp lifted its stake in shares of Century Aluminum Co (NASDAQ:CENX) by 14.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 723,706 shares of the industrial products company’s stock after acquiring an additional 92,323 shares during the period. Northern Trust Corp owned 0.83% of Century Aluminum worth $11,398,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new position in shares of Century Aluminum during the 2nd quarter valued at $400,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Century Aluminum during the 2nd quarter valued at $166,000. Engineers Gate Manager LP acquired a new position in shares of Century Aluminum during the 2nd quarter valued at $197,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Century Aluminum by 497.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 10,450 shares during the period. Finally, Tibra Equities Europe Ltd acquired a new position in shares of Century Aluminum during the 2nd quarter valued at $292,000. Institutional investors own 56.22% of the company’s stock.
CENX opened at $9.32 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 2.56. Century Aluminum Co has a 1-year low of $7.65 and a 1-year high of $24.77. The firm has a market cap of $857.92 million, a price-to-earnings ratio of 17.48 and a beta of 1.17.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%. The firm had revenue of $481.80 million for the quarter, compared to the consensus estimate of $469.09 million. On average, equities research analysts anticipate that Century Aluminum Co will post -0.2 earnings per share for the current year.
In other Century Aluminum news, Director Jarl Berntzen acquired 10,000 shares of the stock in a transaction on Tuesday, October 30th. The shares were purchased at an average price of $7.80 per share, for a total transaction of $78,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.
A number of research analysts recently issued reports on CENX shares. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, October 1st. Berenberg Bank started coverage on shares of Century Aluminum in a research report on Friday, September 21st. They set a “sell” rating and a $10.00 target price on the stock. B. Riley dropped their target price on shares of Century Aluminum from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. ValuEngine downgraded shares of Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 19th. Finally, BidaskClub downgraded shares of Century Aluminum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Century Aluminum currently has an average rating of “Hold” and a consensus target price of $15.63.
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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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