Century Aluminum Company $CENX Position Lowered by Empowered Funds LLC

Empowered Funds LLC trimmed its position in Century Aluminum Company (NASDAQ:CENX) by 83.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,880 shares of the industrial products company’s stock after selling 34,680 shares during the period. Empowered Funds LLC’s holdings in Century Aluminum were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Century Aluminum during the 1st quarter worth approximately $25,000. Private Trust Co. NA acquired a new position in shares of Century Aluminum in the 4th quarter worth approximately $28,000. Hollencrest Capital Management bought a new stake in shares of Century Aluminum in the 1st quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,306 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Century Aluminum during the 3rd quarter valued at approximately $34,000. 61.59% of the stock is owned by institutional investors.

Century Aluminum Trading Up 0.8%

Shares of NASDAQ CENX opened at $52.29 on Wednesday. Century Aluminum Company has a 12-month low of $20.91 and a 12-month high of $70.43. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 9.03 and a beta of 1.96. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $49.10 and its 200 day simple moving average is $53.99.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.The firm had revenue of $752.10 million during the quarter, compared to the consensus estimate of $817.15 million. Century Aluminum’s revenue was up 59.0% on a year-over-year basis. Equities research analysts expect that Century Aluminum Company will post 8.34 EPS for the current year.

Wall Street Analysts Forecast Growth

CENX has been the topic of several research analyst reports. UBS Group assumed coverage on Century Aluminum in a research note on Monday. They set a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings cut shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Zacks Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, B. Riley Financial decreased their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Century Aluminum 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.