Century Aluminum Company $CENX Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 114.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,637 shares of the industrial products company’s stock after acquiring an additional 10,997 shares during the period. SG Americas Securities LLC’s holdings in Century Aluminum were worth $606,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Century Aluminum by 22.1% during the first quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 7,051 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the 1st quarter valued at about $25,000. Empowered Funds LLC boosted its holdings in shares of Century Aluminum by 1.8% in the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after buying an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Century Aluminum by 21.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock valued at $2,301,000 after buying an additional 21,702 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 1,266 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $48.30 on Friday. The firm’s 50 day moving average is $36.45 and its two-hundred day moving average is $29.25. The firm has a market capitalization of $4.51 billion, a P/E ratio of 56.82 and a beta of 2.26. The company has a current ratio of 1.71, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69. Century Aluminum Company has a 52 week low of $13.05 and a 52 week high of $50.16.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.23). Century Aluminum had a return on equity of 12.83% and a net margin of 3.47%.The business had revenue of $632.20 million during the quarter, compared to the consensus estimate of $629.85 million. During the same period last year, the company earned $0.63 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research downgraded Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, BMO Capital Markets upped their price objective on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.