Century Aluminum Company (CENX) Holdings Trimmed by Gabelli Funds LLC
Gabelli Funds LLC lessened its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,000 shares of the industrial products company’s stock after selling 4,000 shares during the quarter. Gabelli Funds LLC owned approximately 0.19% of Century Aluminum worth $2,785,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in Century Aluminum by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after buying an additional 4,326 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Century Aluminum during the second quarter worth approximately $160,000. Piedmont Investment Advisors LLC acquired a new position in Century Aluminum during the second quarter worth approximately $168,000. Municipal Employees Retirement System of Michigan increased its position in Century Aluminum by 3.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock worth $183,000 after buying an additional 370 shares during the last quarter. Finally, ARP Americas LLC acquired a new position in Century Aluminum during the third quarter worth approximately $202,000. 68.72% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Century Aluminum Company (CENX) opened at $14.33 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32. Century Aluminum Company has a 12 month low of $8.39 and a 12 month high of $20.68.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.31) earnings per share. equities research analysts predict that Century Aluminum Company will post 0.39 EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Macquarie started coverage on Century Aluminum in a report on Thursday, September 7th. They set a “neutral” rating for the company. Cowen and Company set a $16.00 price objective on Century Aluminum and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, J P Morgan Chase & Co upgraded Century Aluminum from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $15.00 to $22.00 in a report on Monday, August 21st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Century Aluminum currently has an average rating of “Hold” and a consensus price target of $17.10.
Century Aluminum 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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