Millennium Management LLC lessened its position in shares of Century Aluminum Co (NASDAQ:CENX) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,301 shares of the industrial products company’s stock after selling 61,428 shares during the period. Millennium Management LLC owned about 0.42% of Century Aluminum worth $5,801,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Century Aluminum during the 2nd quarter worth about $166,000. Engineers Gate Manager LP acquired a new position in shares of Century Aluminum during the 2nd quarter worth about $197,000. CIBC World Markets Inc. acquired a new position in shares of Century Aluminum during the 1st quarter worth about $200,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Century Aluminum by 497.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after buying an additional 10,450 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new position in shares of Century Aluminum during the 2nd quarter worth about $292,000. Hedge funds and other institutional investors own 56.00% of the company’s stock.
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A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. ValuEngine downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. B. Riley assumed coverage on shares of Century Aluminum in a research note on Thursday, June 21st. They set a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Deutsche Bank downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $15.00 in a research note on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.14.
Century Aluminum stock opened at $10.16 on Friday. Century Aluminum Co has a one year low of $9.85 and a one year high of $24.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.89 and a quick ratio of 1.16. The stock has a market cap of $1.05 billion, a PE ratio of 28.22 and a beta of 0.72.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The business had revenue of $470.00 million during the quarter, compared to the consensus estimate of $458.03 million. During the same period last year, the business posted $0.01 EPS. Century Aluminum’s revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts expect that Century Aluminum Co will post 0.91 earnings per share for the current fiscal year.
Century Aluminum Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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