Hsbc Holdings PLC Invests $804,000 in Century Aluminum Company $CENX

Hsbc Holdings PLC acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,285 shares of the industrial products company’s stock, valued at approximately $804,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in Century Aluminum in the first quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new position in shares of Century Aluminum during the first quarter worth $29,000. EverSource Wealth Advisors LLC boosted its position in shares of Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,306 shares during the period. Advisory Services Network LLC purchased a new position in shares of Century Aluminum during the third quarter worth $34,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Century Aluminum in the second quarter valued at $37,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $46.78 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 8.08 and a beta of 1.99. The stock’s 50-day moving average is $45.50 and its two-hundred day moving average is $53.60. Century Aluminum Company has a 1-year low of $20.91 and a 1-year high of $70.43.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (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 business had revenue of $752.10 million during the quarter, compared to analysts’ expectations of $817.15 million. The company’s revenue was up 59.0% compared to the same quarter last year. Analysts forecast that Century Aluminum Company will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CENX. Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. UBS Group started coverage on Century Aluminum in a research report on Monday, August 10th. They issued a “buy” rating and a $60.00 target price for the company. B. Riley Financial reissued a “buy” rating on shares of Century Aluminum in a research report on Tuesday, August 18th. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. 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.com, Century Aluminum currently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

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.