Century Aluminum (NASDAQ:CENX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Century Aluminum (NASDAQ:CENX) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 301,992 shares of the industrial products company’s stock after buying an additional 43,881 shares during the period. Principal Financial Group Inc. owned about 0.33% of Century Aluminum worth $4,901,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Olympiad Research LP purchased a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $180,000. Congress Asset Management Co. raised its holdings in Century Aluminum by 1.3% during the third quarter. Congress Asset Management Co. now owns 204,302 shares of the industrial products company’s stock worth $3,316,000 after purchasing an additional 2,700 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Century Aluminum by 16.9% during the third quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company’s stock worth $10,084,000 after purchasing an additional 89,621 shares in the last quarter. Jade Capital Advisors LLC acquired a new stake in Century Aluminum in the third quarter valued at $406,000. Finally, GAMMA Investing LLC increased its position in shares of 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 buying an additional 1,233 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on CENX shares. BMO Capital Markets upped their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. B. Riley increased their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Century Aluminum Stock Performance

Shares of CENX stock opened at $23.08 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.72 and a beta of 2.47. Century Aluminum has a one year low of $7.28 and a one year high of $24.21. The company has a 50 day moving average price of $17.60 and a 200 day moving average price of $16.58.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $587.10 million. During the same period in the prior year, the firm posted ($0.13) EPS. Sell-side 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.