Barclays PLC Raises Stock Holdings in Century Aluminum (NASDAQ:CENX)

Barclays PLC increased its stake in Century Aluminum (NASDAQ:CENX) by 266.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,396 shares of the industrial products company’s stock after purchasing an additional 70,825 shares during the quarter. Barclays PLC owned approximately 0.10% of Century Aluminum worth $1,581,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CENX. Aristeia Capital L.L.C. bought a new stake in Century Aluminum during the 2nd quarter valued at $681,000. Principal Financial Group Inc. increased its stake in Century Aluminum by 17.0% in the third 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 last quarter. SG Americas Securities LLC purchased a new stake in Century Aluminum in the third quarter worth approximately $475,000. Assenagon Asset Management S.A. lifted its stake in Century Aluminum by 16.9% in 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 during the last quarter. Finally, Centiva Capital LP purchased a new stake in Century Aluminum during the third quarter valued at about $559,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CENX has been the topic of several analyst reports. BMO Capital Markets lifted 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 note on Tuesday, November 5th. B. Riley upped their target price on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Wolfe Research raised 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.

Century Aluminum Trading Down 3.1 %

Shares of NASDAQ:CENX opened at $18.41 on Friday. 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 $1.71 billion, a P/E ratio of 6.16 and a beta of 2.50. The stock’s fifty day moving average price is $20.63 and its 200-day moving average price is $17.29. Century Aluminum has a 1 year low of $9.65 and a 1 year high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (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 firm had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. During the same period last year, the business posted ($0.13) EPS. Sell-side analysts expect that Century Aluminum will post 0.56 earnings per share for the current year.

Century Aluminum 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.