Zurcher Kantonalbank Zurich Cantonalbank Acquires 7,946 Shares of Century Aluminum (NASDAQ:CENX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Century Aluminum (NASDAQ:CENX) by 70.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,255 shares of the industrial products company’s stock after purchasing an additional 7,946 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Century Aluminum were worth $234,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Everence Capital Management Inc. bought a new position in Century Aluminum during the fourth quarter worth $165,000. Louisiana State Employees Retirement System purchased a new stake in Century Aluminum in the 4th quarter valued at $314,000. Perennial Advisors LLC bought a new position in Century Aluminum during the 4th quarter valued at $1,482,000. International Assets Investment Management LLC purchased a new position in Century Aluminum during the 4th quarter worth $1,470,000. Finally, New York State Teachers Retirement System raised its holdings in shares of Century Aluminum by 3.6% in the fourth quarter. New York State Teachers Retirement System now owns 102,005 shares of the industrial products company’s stock valued at $1,238,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

CENX has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday. Finally, B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th.

Century Aluminum Stock Up 3.5 %

Shares of NASDAQ CENX opened at $17.40 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 0.63. The stock has a market capitalization of $1.61 billion, a PE ratio of 7.98 and a beta of 2.67. Century Aluminum has a one year low of $5.70 and a one year high of $18.64. The business’s fifty day moving average price is $14.53 and its 200-day moving average price is $11.19.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.53. The business had revenue of $512.30 million for the quarter, compared to the consensus estimate of $514.40 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. On average, equities research analysts anticipate that Century Aluminum will post 3.1 EPS for the current year.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.