Bank of New York Mellon Corp decreased its holdings in shares of Century Aluminum Co (NASDAQ:CENX) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 560,300 shares of the industrial products company’s stock after selling 9,400 shares during the period. Bank of New York Mellon Corp’s holdings in Century Aluminum were worth $8,826,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CENX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Century Aluminum during the second quarter valued at $166,000. Engineers Gate Manager LP purchased a new stake in Century Aluminum during the second quarter valued at $197,000. CIBC World Markets Inc. purchased a new stake in Century Aluminum during the first quarter valued at $200,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Century Aluminum by 497.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 10,450 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Century Aluminum during the first quarter valued at $321,000. 56.00% of the stock is currently owned by institutional investors.
CENX stock opened at $11.86 on Thursday. The company has a current ratio of 2.89, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. Century Aluminum Co has a twelve month low of $11.04 and a twelve month high of $24.77. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 32.94 and a beta of 0.70.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The business had revenue of $470.00 million for the quarter, compared to analysts’ expectations of $458.03 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year. analysts anticipate that Century Aluminum Co will post 0.91 EPS for the current fiscal year.
A number of research firms recently issued reports on CENX. Deutsche Bank raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 5th. BidaskClub downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. ValuEngine downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, B. Riley began coverage on shares of Century Aluminum in a research note on Thursday, June 21st. They set a “buy” rating and a $27.00 price target on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.57.
Century Aluminum Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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