Fifth Third Bancorp Raises Stock Position in Century Aluminum Company $CENX

Fifth Third Bancorp grew its position in Century Aluminum Company (NASDAQ:CENX) by 6,620.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,248 shares of the industrial products company’s stock after purchasing an additional 14,036 shares during the period. Fifth Third Bancorp’s holdings in Century Aluminum were worth $836,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Glencore plc increased its position in Century Aluminum by 33.6% during the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after buying an additional 13,454,538 shares in the last quarter. Sourcerock Group LLC boosted its holdings in Century Aluminum by 612.0% in the second quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after acquiring an additional 1,224,088 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after acquiring an additional 1,094,257 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Century Aluminum by 109.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after acquiring an additional 957,571 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Century Aluminum during the second quarter valued at about $9,399,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CENX shares. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wells Fargo & Company increased their price objective on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. B. Riley Financial dropped their target price on Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.00.

Century Aluminum Price Performance

NASDAQ:CENX opened at $46.21 on Monday. The firm’s fifty day moving average is $53.09 and its two-hundred day moving average is $53.94. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 13.79 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. Century Aluminum Company has a one year low of $20.21 and a one year high of $70.43.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.