Century Aluminum Company $CENX Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Century Aluminum Company (NASDAQ:CENX) by 45.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 548,898 shares of the industrial products company’s stock after buying an additional 170,451 shares during the quarter. Wellington Management Group LLP’s holdings in Century Aluminum were worth $25,255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CENX. Lido Advisors LLC boosted its holdings in Century Aluminum by 1.4% during the 1st quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock valued at $768,000 after acquiring an additional 180 shares during the period. Summit Global Investments increased its stake in Century Aluminum by 3.2% during the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 241 shares during the period. EverSource Wealth Advisors LLC increased its stake in Century Aluminum by 26.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 297 shares during the period. ProShare Advisors LLC lifted its position in shares of Century Aluminum by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 308 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CENX. UBS Group initiated coverage on shares of Century Aluminum in a research note on Monday, August 10th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Weiss Ratings cut shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, B. Riley Financial restated a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Century Aluminum Stock Performance

Shares of CENX opened at $46.78 on Friday. The stock has a 50-day simple moving average of $45.59 and a 200-day simple moving average of $53.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.61 and a current ratio of 2.75. The stock has a market capitalization of $4.63 billion, a PE ratio of 8.08 and a beta of 1.99. Century Aluminum Company has a 1 year low of $21.48 and a 1 year high of $70.43.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. The firm had revenue of $752.10 million for the quarter, compared to analyst estimates 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. On average, analysts predict that Century Aluminum Company will post 7.75 earnings per share for the current fiscal year.

About Century Aluminum

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.