Charles Schwab Investment Management Inc. Grows Position in Century Aluminum (NASDAQ:CENX)

Charles Schwab Investment Management Inc. boosted its stake in shares of Century Aluminum (NASDAQ:CENX) by 2.1% during the 3rd quarter, Holdings Channel reports. The firm owned 487,391 shares of the industrial products company’s stock after acquiring an additional 10,105 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Century Aluminum were worth $7,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC grew its position in Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,385 shares during the last quarter. GAMMA Investing LLC grew its position in Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,233 shares during the last quarter. Olympiad Research LP purchased a new stake in Century Aluminum during the 3rd quarter worth approximately $180,000. MQS Management LLC grew its position in Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares during the last quarter. Finally, Covestor Ltd grew its position in Century Aluminum by 612.1% during the 3rd quarter. Covestor Ltd now owns 13,993 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 12,028 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

CENX opened at $22.16 on Wednesday. The firm’s fifty day simple moving average is $19.88 and its two-hundred day simple moving average is $17.10. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 7.41 and a beta of 2.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a 52-week low of $7.63 and a 52-week high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The firm had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. During the same period last year, the business earned ($0.13) earnings per share. Equities analysts anticipate that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CENX. BMO Capital Markets lifted their price objective on shares of Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Tuesday, December 3rd. Finally, B. Riley lifted their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

About Century Aluminum

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.