First Trust Advisors LP Has $2.58 Million Stake in Century Aluminum Company (CENX)
First Trust Advisors LP trimmed its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,538 shares of the industrial products company’s stock after selling 25,789 shares during the period. First Trust Advisors LP owned about 0.18% of Century Aluminum worth $2,579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings in shares of 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 valued at $152,000 after purchasing an additional 4,326 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Century Aluminum during the second quarter valued at $160,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Century Aluminum during the second quarter valued at $168,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of 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 valued at $183,000 after purchasing an additional 370 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Century Aluminum by 20.9% during the first quarter. UBS Group AG now owns 19,765 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 3,421 shares during the last quarter. 68.44% of the stock is owned by institutional investors and hedge funds.
Shares of Century Aluminum Company (NASDAQ:CENX) opened at $13.64 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. Century Aluminum Company has a one year low of $8.39 and a one year high of $20.68.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data 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 business had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.31) earnings per share. equities analysts predict that Century Aluminum Company will post 0.39 EPS for the current fiscal year.
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Several equities research analysts have recently commented on CENX shares. Zacks Investment Research downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co downgraded Century Aluminum from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $14.50 in a report on Monday, October 30th. Cowen and Company set a $16.00 target price on Century Aluminum and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 target price on Century Aluminum and gave the company a “hold” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.10.
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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