Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Century Aluminum (NASDAQ:CENX)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Century Aluminum (NASDAQ:CENX) by 70.3% during the 4th quarter, Holdings Channel reports. The fund owned 19,255 shares of the industrial products company’s stock after purchasing an additional 7,946 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Century Aluminum were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in Century Aluminum in the fourth quarter valued at $68,000. Strs Ohio grew its holdings in Century Aluminum by 625.0% during the third quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 7,500 shares during the period. Allspring Global Investments Holdings LLC raised its position in Century Aluminum by 35.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 2,405 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Century Aluminum in the fourth quarter valued at approximately $1,470,000. Finally, Everence Capital Management Inc. purchased a new stake in Century Aluminum in the 4th quarter worth approximately $165,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Performance

CENX opened at $17.40 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $14.53 and its 200 day moving average price is $11.19. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $18.64. The firm has a market capitalization of $1.61 billion, a PE ratio of 7.98 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.53. The firm had revenue of $512.30 million during the quarter, compared to analysts’ expectations of $514.40 million. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. As a group, sell-side analysts expect that Century Aluminum will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

CENX has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. B. Riley raised 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. Finally, StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday.

About Century Aluminum

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.