Tower Research Capital LLC TRC increased its holdings in Century Aluminum Co (NASDAQ:CENX) by 1,471.5% in the 3rd quarter, Holdings Channel reports. The fund owned 7,512 shares of the industrial products company’s stock after purchasing an additional 7,034 shares during the period. Tower Research Capital LLC TRC’s holdings in Century Aluminum were worth $49,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CENX. Fisher Asset Management LLC lifted its stake in Century Aluminum by 0.5% in the 2nd quarter. Fisher Asset Management LLC now owns 1,414,830 shares of the industrial products company’s stock worth $9,776,000 after acquiring an additional 7,024 shares in the last quarter. Swiss National Bank lifted its stake in Century Aluminum by 2.7% in the 2nd quarter. Swiss National Bank now owns 98,350 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 2,600 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in Century Aluminum in the 2nd quarter worth about $104,000. Charles Schwab Investment Management Inc. lifted its stake in Century Aluminum by 12.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 623,235 shares of the industrial products company’s stock worth $4,307,000 after acquiring an additional 67,735 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Century Aluminum by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 648,547 shares of the industrial products company’s stock worth $4,482,000 after acquiring an additional 15,200 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.
In other news, COO Jesse E. Gary sold 15,244 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $8.36, for a total transaction of $127,439.84. Following the completion of the sale, the chief operating officer now directly owns 109,077 shares of the company’s stock, valued at approximately $911,883.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by company insiders.
CENX opened at $7.07 on Tuesday. Century Aluminum Co has a fifty-two week low of $5.02 and a fifty-two week high of $9.98. The business has a 50-day moving average of $6.79 and a 200-day moving average of $6.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.23 and a quick ratio of 0.72. The company has a market capitalization of $626.70 million, a PE ratio of -50.50 and a beta of 1.97.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.09). Century Aluminum had a negative return on equity of 22.27% and a negative net margin of 7.47%. The firm had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $459.07 million. During the same period last year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts expect that Century Aluminum Co will post -1.43 earnings per share for the current fiscal year.
Separately, BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Century Aluminum has an average rating of “Hold” and a consensus target price of $10.75.
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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