Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Century Aluminum Co. (NASDAQ:CENX) during the second quarter, Holdings Channel reports. The firm acquired 57,980 shares of the company’s stock, valued at approximately $367,000. Los Angeles Capital Management & Equity Research Inc. owned about 0.07% of Century Aluminum as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CENX. Landscape Capital Management L.L.C. purchased a new stake in shares of Century Aluminum during the first quarter valued at $1,117,000. Aperio Group LLC increased its stake in Century Aluminum by 111.4% in the first quarter. Aperio Group LLC now owns 44,542 shares of the company’s stock valued at $314,000 after buying an additional 23,474 shares during the last quarter. Franklin Resources Inc. increased its stake in Century Aluminum by 53.3% in the first quarter. Franklin Resources Inc. now owns 843,000 shares of the company’s stock valued at $5,943,000 after buying an additional 293,000 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Century Aluminum during the first quarter valued at approximately $260,000. Finally, Royal Bank of Canada increased its stake in Century Aluminum by 120.1% in the first quarter. Royal Bank of Canada now owns 87,213 shares of the company’s stock valued at $615,000 after buying an additional 47,588 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.
Century Aluminum Co. (NASDAQ:CENX) traded up 1.21% on Monday, reaching $6.67. 768,412 shares of the company were exchanged. Century Aluminum Co. has a 52 week low of $2.63 and a 52 week high of $9.40. The stock’s market capitalization is $580.79 million. The stock has a 50-day moving average price of $6.58 and a 200 day moving average price of $6.98.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. Century Aluminum had a negative net margin of 8.41% and a negative return on equity of 11.96%. The company had revenue of $326.75 million for the quarter, compared to the consensus estimate of $338.22 million. During the same period in the prior year, the firm posted $0.25 EPS. The company’s quarterly revenue was down 37.6% compared to the same quarter last year. Analysts forecast that Century Aluminum Co. will post ($0.30) earnings per share for the current year.
Several research firms have recently commented on CENX. TheStreet downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, May 31st. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.85.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
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