State of Alaska Department of Revenue Buys 4,326 Shares of Century Aluminum Company (NASDAQ:CENX)
State of Alaska Department of Revenue increased its stake in Century Aluminum Company (NASDAQ:CENX) by 78.8% during the second quarter, Holdings Channel reports. The firm owned 9,816 shares of the industrial products company’s stock after buying an additional 4,326 shares during the period. State of Alaska Department of Revenue’s holdings in Century Aluminum were worth $152,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CENX. Clinton Group Inc. bought a new stake in shares of Century Aluminum during the first quarter valued at $143,000. Mason Street Advisors LLC increased its stake 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 valued at $148,000 after buying an additional 783 shares during the period. 361 Capital LLC bought a new stake in shares of Century Aluminum during the first quarter valued at $162,000. Laurion Capital Management LP increased its stake 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 valued at $169,000 after buying an additional 2,900 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of Century Aluminum during the first quarter valued at $204,000. Institutional investors own 65.17% of the company’s stock.
Century Aluminum Company (NASDAQ:CENX) traded down 0.21% on Wednesday, hitting $14.09. The stock had a trading volume of 1,291,789 shares. Century Aluminum Company has a one year low of $5.53 and a one year high of $19.08. The company’s 50-day moving average is $16.16 and its 200-day moving average is $14.43. The stock’s market cap is $1.23 billion.
Century Aluminum (NASDAQ:CENX) last announced its 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 return on equity of 5.61% and a negative net margin of 16.48%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. On average, analysts anticipate that Century Aluminum Company will post $0.44 earnings per share for the current fiscal year.
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CENX has been the topic of several recent research reports. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, June 14th. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a report on Friday, June 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a research report on Sunday, July 2nd. Deutsche Bank AG raised Century Aluminum from a “sell” rating to a “hold” rating and upped their price objective for the stock from $10.00 to $15.00 in a research report on Friday, June 23rd. Finally, Cowen and Company set a $16.00 price objective on Century Aluminum and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Century Aluminum has a consensus rating of “Hold” and an average target price of $14.20.
In related news, insider Michael A. Bless sold 27,618 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $14.88, for a total value of $410,955.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by insiders.
About Century Aluminum
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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