Barclays PLC lowered its position in shares of Century Aluminum (NASDAQ:CENX – Free Report) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,390 shares of the industrial products company’s stock after selling 25,931 shares during the quarter. Barclays PLC owned approximately 0.15% of Century Aluminum worth $1,215,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp boosted its position in Century Aluminum by 33.3% during the first quarter. Texas Permanent School Fund Corp now owns 45,380 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 11,349 shares during the last quarter. Boulder Hill Capital Management LP purchased a new position in Century Aluminum during the first quarter worth approximately $578,000. Arete Wealth Advisors LLC purchased a new position in Century Aluminum during the first quarter worth approximately $149,000,000,000. Victory Capital Management Inc. raised its stake in Century Aluminum by 14,866.0% during the first quarter. Victory Capital Management Inc. now owns 1,661,674 shares of the industrial products company’s stock worth $16,617,000 after purchasing an additional 1,650,571 shares during the period. Finally, Bank of Montreal Can purchased a new position in Century Aluminum during the second quarter worth approximately $931,000. Institutional investors and hedge funds own 53.92% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on CENX. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley cut their target price on shares of Century Aluminum from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, August 14th.
Century Aluminum Stock Performance
Shares of CENX stock opened at $7.80 on Monday. The company’s fifty day simple moving average is $6.74 and its 200-day simple moving average is $7.83. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $12.97. The company has a current ratio of 1.08, a quick ratio of 0.34 and a debt-to-equity ratio of 1.11. The company has a market cap of $720.76 million, a PE ratio of -3.82 and a beta of 2.63.
Century Aluminum (NASDAQ:CENX – Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.06. Century Aluminum had a negative net margin of 8.47% and a negative return on equity of 10.38%. The firm had revenue of $545.20 million for the quarter, compared to the consensus estimate of $542.30 million. During the same quarter in the previous year, the firm posted ($0.34) EPS. As a group, equities research analysts anticipate that Century Aluminum will post -0.28 EPS for the current year.
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.
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