Century Aluminum (NASDAQ:CENX) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Century Aluminum (NASDAQ:CENX) by 266.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,396 shares of the industrial products company’s stock after purchasing an additional 70,825 shares during the quarter. Barclays PLC owned about 0.10% of Century Aluminum worth $1,581,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC lifted its position in shares of Century Aluminum by 1,607.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock worth $370,841,000 after buying an additional 21,510,639 shares during the last quarter. Encompass Capital Advisors LLC raised its stake in Century Aluminum by 1,208.7% during the 2nd 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 in the last quarter. Bank of Montreal Can lifted its position in Century Aluminum by 341.1% in the second quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company’s stock valued at $6,900,000 after acquiring an additional 318,579 shares during the last quarter. American Century Companies Inc. boosted its stake in Century Aluminum by 30.4% in the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after acquiring an additional 276,304 shares in the last quarter. Finally, Yaupon Capital Management LP grew its holdings in shares of Century Aluminum by 401.5% during the third quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 257,812 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jesse E. Gary sold 29,243 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. This represents a 36.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Century Aluminum Stock Down 0.1 %

CENX opened at $19.32 on Friday. Century Aluminum has a 52 week low of $9.65 and a 52 week high of $25.39. The business has a 50 day moving average price of $20.84 and a two-hundred day moving average price of $17.49. 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 company has a market cap of $1.79 billion, a PE ratio of 6.46 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.32 by $0.31. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. The business had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. As a group, research analysts anticipate 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.