11,664 Shares in Century Aluminum (NASDAQ:CENX) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Century Aluminum (NASDAQ:CENX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,664 shares of the industrial products company’s stock, valued at approximately $189,000.

A number of other institutional investors also recently modified their holdings of CENX. Encompass Capital Advisors LLC increased its stake in shares of Century Aluminum by 1,208.7% in the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock worth $23,477,000 after acquiring an additional 1,294,538 shares during the last quarter. Bank of Montreal Can increased its position in Century Aluminum by 341.1% in the 2nd quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company’s stock worth $6,900,000 after purchasing an additional 318,579 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of 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 worth $8,906,000 after purchasing an additional 296,101 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Century Aluminum by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after buying an additional 276,304 shares during the last quarter. Finally, Impala Asset Management LLC raised its holdings in shares of Century Aluminum by 20.6% during the 2nd quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock valued at $14,238,000 after purchasing an additional 145,000 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CENX. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. B. Riley lifted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets boosted their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Century Aluminum Price Performance

Shares of Century Aluminum stock opened at $22.68 on Tuesday. The firm has a fifty day moving average price of $18.85 and a two-hundred day moving average price of $16.85. Century Aluminum has a fifty-two week low of $7.28 and a fifty-two week high of $24.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The company has a market cap of $2.10 billion, a PE ratio of 7.64 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period last year, the business earned ($0.13) earnings per share. Analysts expect that Century Aluminum will post 0.56 EPS for the current year.

Century Aluminum Company Profile

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.