Bank of New York Mellon Corp Has $6.32 Million Stock Position in Century Aluminum (NASDAQ:CENX)

Bank of New York Mellon Corp increased its stake in Century Aluminum (NASDAQ:CENX) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 347,045 shares of the industrial products company’s stock after purchasing an additional 19,129 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Century Aluminum worth $6,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CENX. JPMorgan Chase & Co. raised its holdings in shares of Century Aluminum by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after purchasing an additional 319,164 shares during the period. Barclays PLC raised its holdings in Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company’s stock valued at $1,581,000 after acquiring an additional 70,825 shares during the period. Principal Financial Group Inc. raised its holdings in Century Aluminum by 17.0% in the 3rd quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock valued at $4,901,000 after acquiring an additional 43,881 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Century Aluminum during the 4th quarter worth approximately $337,000. Finally, Centiva Capital LP acquired a new position in shares of Century Aluminum during the 3rd quarter worth approximately $559,000. 61.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CENX. 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 research report on Tuesday, December 3rd. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Monday, February 24th.

Century Aluminum Stock Up 2.8 %

Shares of NASDAQ CENX opened at $19.95 on Monday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 6.31 and a beta of 2.67. The company has a 50-day moving average price of $19.32 and a 200-day moving average price of $18.61. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The firm had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. During the same period last year, the company earned $0.39 earnings per share. On average, equities research analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the sale, the chief executive officer now owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is owned by corporate insiders.

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.