Century Aluminum (NASDAQ:CENX) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Century Aluminum (NASDAQ:CENX) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,279,772 shares of the industrial products company’s stock after acquiring an additional 13,486 shares during the quarter. Geode Capital Management LLC owned approximately 1.38% of Century Aluminum worth $20,774,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC increased its stake in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares during the last quarter. GAMMA Investing LLC grew its stake in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares in the last quarter. Olympiad Research LP acquired a new position in Century Aluminum in the 3rd quarter worth about $180,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Century Aluminum during the 3rd quarter worth about $189,000. Finally, MQS Management LLC raised its stake in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CENX shares. BMO Capital Markets increased their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. B. Riley increased their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Century Aluminum Stock Down 3.1 %

Shares of Century Aluminum stock opened at $18.41 on Friday. Century Aluminum has a 12-month low of $9.65 and a 12-month high of $25.39. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $20.63 and a two-hundred day moving average price of $17.30. The stock has a market capitalization of $1.71 billion, a P/E ratio of 6.16 and a beta of 2.50.

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