Century Aluminum Company (NASDAQ:CENX) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in Century Aluminum Company (NASDAQ:CENX) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,110 shares of the industrial products company’s stock after buying an additional 82,676 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.53% of Century Aluminum worth $5,915,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of CENX. Clinton Group Inc. bought a new position in shares of Century Aluminum during the first quarter worth approximately $143,000. Mason Street Advisors LLC raised its position in shares of Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares during the last quarter. 361 Capital LLC bought a new position in shares of Century Aluminum during the first quarter worth approximately $162,000. Laurion Capital Management LP raised its position in shares of Century Aluminum by 27.9% in the first quarter. Laurion Capital Management LP now owns 13,300 shares of the industrial products company’s stock worth $169,000 after buying an additional 2,900 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Century Aluminum by 20.9% in the first quarter. UBS Group AG now owns 19,765 shares of the industrial products company’s stock worth $250,000 after buying an additional 3,421 shares during the last quarter. 65.06% of the stock is currently owned by hedge funds and other institutional investors.
Century Aluminum Company (NASDAQ:CENX) traded down 0.638% during trading on Friday, hitting $13.245. 4,830,448 shares of the company traded hands. Century Aluminum Company has a 52 week low of $5.53 and a 52 week high of $19.08. The stock’s market capitalization is $1.16 billion. The company’s 50 day moving average is $16.28 and its 200-day moving average is $14.43.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.28. The business had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. Century Aluminum’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS. Analysts predict that Century Aluminum Company will post $0.63 earnings per share for the current year.
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A number of brokerages have recently commented on CENX. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Tuesday, August 1st. Cowen and Company set a $16.00 price target on shares of Century Aluminum and gave the stock a “hold” rating in a report on Wednesday. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets reissued a “hold” rating and issued a $14.00 price target on shares of Century Aluminum in a report on Wednesday, April 26th. Six investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.20.
In related news, insider Michael A. Bless sold 27,618 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total transaction of $410,955.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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