Landscape Capital Management L.L.C. Invests $547,000 in Century Aluminum Company $CENX

Landscape Capital Management L.L.C. purchased a new stake in Century Aluminum Company (NASDAQ:CENX) in the second quarter, according to its most recent filing with the SEC. The fund purchased 11,885 shares of the industrial products company’s stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also made changes to their positions in CENX. EP Wealth Advisors LLC bought a new position in Century Aluminum during the second quarter worth $231,000. Callan Family Office LLC bought a new stake in Century Aluminum during the second quarter valued at $660,000. Keebeck Wealth Management acquired a new stake in shares of Century Aluminum during the second quarter worth $300,000. Meeder Asset Management Inc. acquired a new stake in shares of Century Aluminum during the second quarter worth $63,000. Finally, BlackRock Inc. bought a new position in shares of Century Aluminum in the 2nd quarter worth about $474,129,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CENX shares. Wells Fargo & Company lifted their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. UBS Group initiated coverage on shares of Century Aluminum in a research note on Monday, August 10th. They set a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings cut shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.00.

Century Aluminum Stock Performance

Century Aluminum stock opened at $43.92 on Monday. Century Aluminum Company has a 12-month low of $20.91 and a 12-month high of $70.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. The stock has a market capitalization of $4.35 billion, a PE ratio of 7.59 and a beta of 1.96. The firm has a 50 day simple moving average of $46.41 and a 200-day simple moving average of $53.88.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. The business had revenue of $752.10 million for the quarter, compared to the consensus estimate of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm’s revenue was up 59.0% compared to the same quarter last year. As a group, equities research analysts expect that Century Aluminum Company will post 8.34 EPS for the current fiscal year.

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.