Givolon Ltd

recently stated that they own 31.5% of Century Aluminum Co (NASDAQ:CENX) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, December 15th. The investor owns 27,500,000 shares of the stock worth $430,925,000. The reporting parties listed on the disclosure included Givolon Limited, Ryfold Limited and Estera Trust (Jersey) Limited in its capacity as trustee of The Ryfold Trust. The disclosure is available through the SEC website at this hyperlink.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Century Aluminum by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,628,874 shares of the industrial products company’s stock valued at $72,117,000 after acquiring an additional 104,392 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Century Aluminum by 6.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,433,902 shares of the industrial products company’s stock worth $56,934,000 after buying an additional 210,292 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Century Aluminum by 742.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock worth $47,173,000 after buying an additional 2,668,550 shares in the last quarter. Impala Asset Management LLC raised its holdings in shares of Century Aluminum by 63.2% during the 2nd quarter. Impala Asset Management LLC now owns 2,797,458 shares of the industrial products company’s stock worth $43,584,000 after buying an additional 1,083,314 shares in the last quarter. Finally, ING Groep NV raised its holdings in shares of Century Aluminum by 760.7% during the 3rd quarter. ING Groep NV now owns 2,443,639 shares of the industrial products company’s stock worth $40,516,000 after buying an additional 2,159,729 shares in the last quarter. 68.01% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on CENX. BidaskClub raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. Cowen set a $17.00 price target on Century Aluminum and gave the stock a “hold” rating in a report on Wednesday, October 11th. J P Morgan Chase & Co raised Century Aluminum from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $15.00 to $22.00 in a report on Monday, August 21st. Finally, Macquarie began coverage on Century Aluminum in a report on Thursday, September 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.10.

Century Aluminum Co (CENX) remained flat at $$15.67 during trading on Friday. The company’s stock had a trading volume of 2,613,486 shares, compared to its average volume of 2,469,994. 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 Co has a fifty-two week low of $8.39 and a fifty-two week high of $20.68.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The firm had revenue of $388.80 million for the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.31) EPS. research analysts expect that Century Aluminum Co will post 0.39 earnings per share for the current fiscal year.

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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.

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

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