13,620 Shares in Century Aluminum (NASDAQ:CENX) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new position in Century Aluminum (NASDAQ:CENX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,620 shares of the industrial products company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CENX. Envestnet Asset Management Inc. purchased a new stake in Century Aluminum in the 1st quarter worth approximately $230,000. Raymond James & Associates purchased a new stake in Century Aluminum in the 1st quarter worth approximately $976,000. Bank of New York Mellon Corp lifted its stake in Century Aluminum by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 516,252 shares of the industrial products company’s stock worth $13,582,000 after purchasing an additional 18,195 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Century Aluminum by 54.5% in the 1st quarter. MetLife Investment Management LLC now owns 27,548 shares of the industrial products company’s stock worth $725,000 after purchasing an additional 9,712 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Century Aluminum by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,512 shares of the industrial products company’s stock worth $1,145,000 after purchasing an additional 5,365 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CENX. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Stock Performance

Century Aluminum stock opened at $17.89 on Friday. The firm’s fifty day moving average price is $13.16 and its 200-day moving average price is $10.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.38 and a current ratio of 1.01. The stock has a market cap of $1.66 billion, a P/E ratio of -35.78 and a beta of 2.71. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $18.64.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.53. The firm had revenue of $512.30 million for the quarter, compared to analysts’ expectations of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. On average, equities research analysts expect that Century Aluminum will post -0.16 earnings per share for the current fiscal year.

Century Aluminum 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.