Fifth Third Bancorp Boosts Stake in Century Aluminum Company $CENX

Fifth Third Bancorp boosted its position in Century Aluminum Company (NASDAQ:CENX) by 6,620.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,248 shares of the industrial products company’s stock after purchasing an additional 14,036 shares during the period. Fifth Third Bancorp’s holdings in Century Aluminum were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CENX. Lido Advisors LLC grew its stake in shares of Century Aluminum by 1.5% during the fourth quarter. Lido Advisors LLC now owns 12,911 shares of the industrial products company’s stock valued at $506,000 after buying an additional 196 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Century Aluminum by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 308 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Century Aluminum by 48.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 386 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Century Aluminum by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock valued at $1,198,000 after acquiring an additional 441 shares during the period. Finally, Algert Global LLC boosted its holdings in Century Aluminum by 0.8% during the 3rd quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $46.21 on Monday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $53.09 and a two-hundred day simple moving average of $53.94. The firm has a market cap of $4.57 billion, a PE ratio of 13.79 and a beta of 1.96. Century Aluminum Company has a twelve month low of $20.21 and a twelve month high of $70.43.

Analyst Upgrades and Downgrades

CENX has been the topic of a number of recent analyst reports. Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Wells Fargo & Company upped their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, B. Riley Financial reduced their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Century Aluminum has an average rating of “Hold” and an average price target of $76.00.

Century Aluminum Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.