Century Aluminum Company $CENX Stock Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 114.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,637 shares of the industrial products company’s stock after buying an additional 10,997 shares during the period. SG Americas Securities LLC’s holdings in Century Aluminum were worth $606,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 1,266 shares during the period. Jones Financial Companies Lllp bought a new position in Century Aluminum during the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,306 shares in the last quarter. CWM LLC increased its position in shares of Century Aluminum by 26.3% during the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 332 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Century Aluminum by 12.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after buying an additional 506 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $48.30 on Friday. The stock’s fifty day simple moving average is $36.45 and its 200 day simple moving average is $29.25. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 56.82 and a beta of 2.26. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.69. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $50.16.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CENX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets lifted their price objective on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Century Aluminum Company Profile

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.