Marshall Wace LLP Purchases Shares of 104,840 Century Aluminum (NASDAQ:CENX)

Marshall Wace LLP acquired a new position in shares of Century Aluminum (NASDAQ:CENX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 104,840 shares of the industrial products company’s stock, valued at approximately $1,756,000. Marshall Wace LLP owned about 0.11% of Century Aluminum at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in Century Aluminum during the first quarter worth about $2,058,000. GSA Capital Partners LLP increased its holdings in shares of Century Aluminum by 314.4% during the 1st quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company’s stock worth $1,678,000 after acquiring an additional 82,703 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $601,000. BNP Paribas Financial Markets raised its stake in Century Aluminum by 43.4% in the 1st quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company’s stock valued at $3,553,000 after acquiring an additional 69,910 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Century Aluminum by 125.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock valued at $8,906,000 after purchasing an additional 296,101 shares during the last quarter. 61.59% of the stock is owned by institutional investors.

Century Aluminum Stock Up 2.6 %

CENX opened at $15.97 on Friday. The stock has a fifty day moving average of $14.16 and a 200-day moving average of $15.96. The company has a market capitalization of $1.48 billion, a P/E ratio of 7.33 and a beta of 2.48. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $21.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The business had revenue of $560.80 million for the quarter, compared to the consensus estimate of $530.90 million. On average, equities analysts expect that Century Aluminum will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CENX. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. B. Riley lowered their price target on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets cut their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, August 9th.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.