Point72 Asset Management L.P. increased its holdings in Century Aluminum Co (NASDAQ:CENX) by 290.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 617,484 shares of the industrial products company’s stock after acquiring an additional 459,140 shares during the period. Point72 Asset Management L.P. owned approximately 0.70% of Century Aluminum worth $9,725,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new position in Century Aluminum in the second quarter worth approximately $400,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Century Aluminum in the second quarter worth approximately $166,000. CIBC World Markets Inc. purchased a new position in Century Aluminum in the first quarter worth approximately $200,000. Engineers Gate Manager LP purchased a new position in Century Aluminum in the second quarter worth approximately $197,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in Century Aluminum by 497.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 10,450 shares during the period. Institutional investors own 56.12% of the company’s stock.
CENX has been the subject of several research analyst reports. BidaskClub upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. B. Riley lowered their price target on Century Aluminum from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. ValuEngine lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. BMO Capital Markets lowered their price target on Century Aluminum from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Century Aluminum presently has an average rating of “Hold” and a consensus target price of $21.17.
CENX opened at $11.32 on Friday. Century Aluminum Co has a 52 week low of $11.04 and a 52 week high of $24.77. The firm has a market cap of $1.04 billion, a PE ratio of 17.17 and a beta of 0.70. The company has a quick ratio of 1.16, a current ratio of 2.89 and a debt-to-equity ratio of 0.29.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Century Aluminum had a return on equity of 8.11% and a net margin of 4.22%. The business had revenue of $470.00 million during the quarter, compared to analyst estimates of $458.03 million. During the same period last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. equities research analysts predict that Century Aluminum Co will post 0.91 earnings per share for the current fiscal year.
Century Aluminum Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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