Legal & General Group Plc Invests $5.66 Million in Century Aluminum Company $CENX

Legal & General Group Plc acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX) during the second quarter, HoldingsChannel reports. The firm acquired 123,069 shares of the industrial products company’s stock, valued at approximately $5,662,000.

Several other institutional investors have also added to or reduced their stakes in CENX. Hollencrest Capital Management bought a new position in Century Aluminum during the 1st quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of Century Aluminum in the first quarter valued at about $42,000. Strs Ohio acquired a new position in shares of Century Aluminum during the first quarter worth about $47,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Century Aluminum during the second quarter worth about $37,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Century Aluminum during the fourth quarter worth about $40,000. 61.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. UBS Group started coverage on shares of Century Aluminum in a research note on Monday, August 10th. They set a “buy” rating and a $60.00 price target for the company. Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Wells Fargo & Company raised their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Century Aluminum Stock Up 0.5%

CENX stock opened at $47.51 on Friday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 8.21 and a beta of 1.99. Century Aluminum Company has a twelve month low of $21.48 and a twelve month high of $70.43. The business has a 50 day moving average price of $45.58 and a two-hundred day moving average price of $53.59. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.33 by $0.13. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.The company had revenue of $752.10 million during the quarter, compared to the consensus estimate of $817.15 million. The business’s revenue was up 59.0% on a year-over-year basis. Analysts anticipate that Century Aluminum Company will post 7.75 EPS for the current fiscal 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.