Steamboat Capital Partners LLC Has $13.65 Million Stake in Century Aluminum Company $CENX

Steamboat Capital Partners LLC lifted its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,666 shares of the industrial products company’s stock after purchasing an additional 20,418 shares during the quarter. Century Aluminum accounts for about 2.9% of Steamboat Capital Partners LLC’s portfolio, making the stock its 9th biggest position. Steamboat Capital Partners LLC owned about 0.30% of Century Aluminum worth $13,650,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of Century Aluminum by 22.1% in the first quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock worth $724,000 after purchasing an additional 7,051 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Century Aluminum in the first quarter valued at $25,000. Empowered Funds LLC increased its stake in Century Aluminum by 1.8% in the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after buying an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Century Aluminum by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock valued at $2,301,000 after buying an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Century Aluminum by 7.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock worth $2,650,000 after buying an additional 9,721 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $47.95 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. Century Aluminum Company has a 12 month low of $21.56 and a 12 month high of $70.43. The stock has a 50 day moving average of $45.64 and a 200-day moving average of $53.57. The company has a market capitalization of $4.75 billion, a P/E ratio of 8.28 and a beta of 1.99.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.The company had revenue of $752.10 million for the quarter, compared to analyst estimates of $817.15 million. The company’s revenue for the quarter was up 59.0% on a year-over-year basis. As a group, equities research analysts predict that Century Aluminum Company will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

CENX has been the subject of several recent analyst reports. B. Riley Financial reissued a “buy” rating on shares of Century Aluminum in a report on Tuesday, August 18th. UBS Group began coverage on shares of Century Aluminum in a research report on Monday, August 10th. They set a “buy” rating and a $60.00 price target on the stock. Zacks Research cut shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.