Northern Trust Corp Grows Position in Century Aluminum Co (CENX)

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.

TRADEMARK VIOLATION WARNING: “Northern Trust Corp Grows Position in Century Aluminum Co (CENX)” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/11/10/northern-trust-corp-grows-position-in-century-aluminum-co-cenx.html.

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.

Recommended Story: Consumer behavior in bull markets

Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply