Canada Pension Plan Investment Board boosted its position in Century Aluminum Company (NASDAQ:CENX) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,223,610 shares of the industrial products company’s stock after buying an additional 57,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Century Aluminum were worth $50,224,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CENX. Dimensional Fund Advisors LP increased its position in Century Aluminum by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,383,026 shares of the industrial products company’s stock worth $93,690,000 after buying an additional 20,424 shares during the period. Vanguard Group Inc. increased its position in Century Aluminum by 2.4% in the first quarter. Vanguard Group Inc. now owns 4,524,482 shares of the industrial products company’s stock worth $57,416,000 after buying an additional 106,570 shares during the period. State Street Corp increased its position in Century Aluminum by 19.9% in the first quarter. State Street Corp now owns 4,491,650 shares of the industrial products company’s stock worth $56,998,000 after buying an additional 744,622 shares during the period. Impala Asset Management LLC increased its position in Century Aluminum by 143.5% in the first quarter. Impala Asset Management LLC now owns 1,714,144 shares of the industrial products company’s stock worth $21,752,000 after buying an additional 1,010,144 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Century Aluminum by 4,279.7% in the first quarter. JPMorgan Chase & Co. now owns 1,610,095 shares of the industrial products company’s stock worth $20,432,000 after buying an additional 1,573,332 shares during the period. Institutional investors own 65.17% of the company’s stock.

Shares of Century Aluminum Company (CENX) opened at 13.80 on Friday. Century Aluminum Company has a 12-month low of $5.53 and a 12-month high of $19.08. The stock’s market capitalization is $1.20 billion. The firm’s 50-day moving average price is $16.13 and its 200 day moving average price is $14.46.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.28. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The business had revenue of $388.80 million for the quarter, compared to analyst estimates of $398.33 million. During the same period in the prior year, the firm posted ($0.05) EPS. Century Aluminum’s revenue for the quarter was up 19.0% on a year-over-year basis. Analysts predict that Century Aluminum Company will post $0.44 EPS for the current fiscal year.

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A number of research firms have recently commented on CENX. BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, June 14th. Deutsche Bank AG upgraded Century Aluminum from a “sell” rating to a “hold” rating and raised their target price for the company from $10.00 to $15.00 in a report on Friday, June 23rd. Cowen and Company raised their target price on Century Aluminum from $11.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $14.00 target price on shares of Century Aluminum in a report on Sunday, July 2nd. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.20.

In other news, insider Michael A. Bless sold 27,618 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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