Bank of Montreal Can Sells 121,930 Shares of Century Aluminum Company $CENX

Bank of Montreal Can reduced its stake in Century Aluminum Company (NASDAQ:CENX) by 75.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,159 shares of the industrial products company’s stock after selling 121,930 shares during the period. Bank of Montreal Can’s holdings in Century Aluminum were worth $724,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Atria Wealth Solutions Inc. purchased a new position in shares of Century Aluminum in the second quarter worth $203,000. Aristeia Capital L.L.C. purchased a new position in Century Aluminum in the 1st quarter worth about $408,000. Alberta Investment Management Corp purchased a new position in Century Aluminum in the 1st quarter worth about $4,918,000. New York State Common Retirement Fund lifted its stake in Century Aluminum by 21.3% during the 1st quarter. New York State Common Retirement Fund now owns 359,867 shares of the industrial products company’s stock valued at $6,679,000 after acquiring an additional 63,086 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Century Aluminum by 157.4% during the 1st quarter. Russell Investments Group Ltd. now owns 129,375 shares of the industrial products company’s stock valued at $2,401,000 after acquiring an additional 79,118 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX opened at $28.78 on Monday. The business has a 50-day simple moving average of $28.88 and a two-hundred day simple moving average of $22.82. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 52 week low of $13.05 and a 52 week high of $34.51. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 24.81 and a beta of 2.51.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.23). The company had revenue of $632.20 million for the quarter, compared to analysts’ expectations of $629.85 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, analysts expect that Century Aluminum Company will post 2.76 EPS for the current year.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, SVP Agust F. Hafberg sold 9,493 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $27.91, for a total value of $264,949.63. Following the completion of the transaction, the senior vice president directly owned 55,260 shares in the company, valued at $1,542,306.60. This represents a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CENX has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Century Aluminum from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. B. Riley increased their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Century Aluminum currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.