Park Avenue Securities LLC Purchases 2,381 Shares of Century Aluminum (NASDAQ:CENX)

Park Avenue Securities LLC raised its position in Century Aluminum (NASDAQ:CENX) by 12.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,890 shares of the industrial products company’s stock after acquiring an additional 2,381 shares during the quarter. Park Avenue Securities LLC’s holdings in Century Aluminum were worth $388,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in Century Aluminum during the 4th quarter valued at approximately $39,000. AlphaQuest LLC raised its stake in Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the period. Corton Capital Inc. bought a new stake in Century Aluminum during the 4th quarter valued at approximately $189,000. KLP Kapitalforvaltning AS purchased a new position in Century Aluminum during the 4th quarter valued at approximately $199,000. Finally, Inceptionr LLC purchased a new position in Century Aluminum during the 4th quarter valued at approximately $207,000. Institutional investors own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Monday, February 24th. Wall Street Zen upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, May 9th.

Century Aluminum Stock Up 0.2%

NASDAQ CENX opened at $19.06 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $16.78 and a two-hundred day moving average of $18.48. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 6.03 and a beta of 2.54. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The firm had revenue of $633.90 million for the quarter, compared to analysts’ expectations of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. On average, analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Century Aluminum Company Profile

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.