Century Aluminum Company (NASDAQ:CENX) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 2.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 326,795 shares of the industrial products company’s stock after buying an additional 7,093 shares during the quarter. Principal Financial Group Inc. owned approximately 0.35% of Century Aluminum worth $6,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of Century Aluminum during the fourth quarter valued at $39,000. AlphaQuest LLC increased its position in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 2,427 shares during the last quarter. GAMMA Investing LLC grew its position in Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 628 shares during the period. Corton Capital Inc. acquired a new stake in Century Aluminum during the 4th quarter worth approximately $189,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Century Aluminum during the 4th quarter valued at $199,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Trading Down 2.4%

Shares of NASDAQ CENX opened at $19.53 on Thursday. The stock has a market capitalization of $1.82 billion, a P/E ratio of 16.55 and a beta of 2.55. The stock’s 50 day moving average price is $17.88 and its two-hundred day moving average price is $18.14. The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 52-week low of $11.40 and a 52-week high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. On average, analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, July 5th.

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.