Northern Trust Corp Sells 13,808 Shares of Century Aluminum Company $CENX

Northern Trust Corp lessened its holdings in Century Aluminum Company (NASDAQ:CENX) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 526,640 shares of the industrial products company’s stock after selling 13,808 shares during the period. Northern Trust Corp owned 0.56% of Century Aluminum worth $9,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CENX. Price T Rowe Associates Inc. MD raised its stake in Century Aluminum by 9.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,726 shares of the industrial products company’s stock valued at $688,000 after acquiring an additional 3,276 shares during the period. BNP Paribas Financial Markets grew its holdings in Century Aluminum by 69.1% in the 4th quarter. BNP Paribas Financial Markets now owns 311,181 shares of the industrial products company’s stock valued at $5,670,000 after buying an additional 127,115 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Century Aluminum by 117.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 460,796 shares of the industrial products company’s stock valued at $8,396,000 after buying an additional 249,323 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Century Aluminum by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 58,117 shares of the industrial products company’s stock valued at $1,059,000 after buying an additional 2,801 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in Century Aluminum in the 4th quarter valued at $189,000. Institutional investors own 61.59% of the company’s stock.

Analyst Ratings Changes

CENX has been the topic of a number of research reports. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Century Aluminum in a report on Friday, August 8th. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. Finally, B. Riley upped their price objective on Century Aluminum from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Century Aluminum presently has a consensus rating of “Buy” and a consensus price target of $24.67.

Century Aluminum Stock Performance

CENX opened at $22.09 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of 19.04 and a beta of 2.55. Century Aluminum Company has a 52-week low of $11.63 and a 52-week high of $25.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. The business’s fifty day moving average is $21.36 and its 200-day moving average is $18.85.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.39). The company had revenue of $628.10 million for the quarter, compared to analyst estimates of $606.10 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%. Sell-side analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Matt Aboud sold 12,027 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares of the company’s stock, valued at $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.76% of the stock is owned by company insiders.

Century Aluminum 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.