Invesco Ltd. lifted its position in shares of Century Aluminum Co (NASDAQ:CENX) by 53.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 686,074 shares of the industrial products company’s stock after acquiring an additional 237,690 shares during the period. Invesco Ltd. owned approximately 0.77% of Century Aluminum worth $4,741,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tyers Asset Management LLC increased its position in shares of Century Aluminum by 27.8% during the second quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 1,936 shares in the last quarter. Ellington Management Group LLC purchased a new stake in Century Aluminum in the second quarter worth approximately $74,000. Elkfork Partners LLC boosted its holdings in Century Aluminum by 27.8% in the second quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 2,662 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in Century Aluminum in the second quarter worth approximately $104,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in Century Aluminum by 27.8% in the second quarter. Meadow Creek Investment Management LLC now owns 15,596 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 3,388 shares during the last quarter. 54.05% of the stock is owned by institutional investors.
Shares of CENX stock opened at $6.42 on Friday. Century Aluminum Co has a 12-month low of $5.02 and a 12-month high of $10.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 2.45. The firm’s 50 day moving average is $6.28 and its 200 day moving average is $7.03.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.11. Century Aluminum had a negative net margin of 7.28% and a negative return on equity of 15.98%. The company had revenue of $473.10 million for the quarter, compared to analysts’ expectations of $475.87 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that Century Aluminum Co will post -1.19 earnings per share for the current year.
Separately, BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.67.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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