33,623 Shares in Century Aluminum Company $CENX Bought by New Century Financial Group LLC

New Century Financial Group LLC acquired a new stake in shares of Century Aluminum Company (NASDAQ:CENX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,623 shares of the industrial products company’s stock, valued at approximately $987,000. Century Aluminum accounts for approximately 1.8% of New Century Financial Group LLC’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Century Aluminum by 13.2% during the 2nd quarter. State Street Corp now owns 3,665,546 shares of the industrial products company’s stock valued at $66,053,000 after acquiring an additional 426,306 shares during the last quarter. Boston Partners lifted its position in Century Aluminum by 340.1% during the second quarter. Boston Partners now owns 1,733,668 shares of the industrial products company’s stock valued at $31,248,000 after purchasing an additional 1,339,744 shares during the last quarter. Sourcerock Group LLC grew its stake in Century Aluminum by 612.0% in the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after buying an additional 1,224,088 shares in the last quarter. Geode Capital Management LLC grew its stake in Century Aluminum by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,300,691 shares of the industrial products company’s stock worth $23,443,000 after buying an additional 6,397 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Century Aluminum in the 1st quarter worth $19,317,000. 61.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their price target on Century Aluminum from $37.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. B. Riley increased their price objective on Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $36.00.

Century Aluminum Trading Down 3.7%

NASDAQ CENX opened at $42.23 on Wednesday. The firm has a market cap of $3.94 billion, a PE ratio of 49.68 and a beta of 2.26. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $45.58. The stock has a 50-day moving average of $32.38 and a 200-day moving average of $27.00. The company has a current ratio of 1.71, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.23). Century Aluminum had a return on equity of 12.83% and a net margin of 3.47%.The company had revenue of $632.20 million during the quarter, compared to analysts’ expectations of $629.85 million. During the same period last year, the firm earned $0.63 earnings per share. Century Aluminum’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Century Aluminum Company will post 2.76 EPS for the current year.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.