Geode Capital Management LLC Has $20.77 Million Stock Position in Century Aluminum (NASDAQ:CENX)

Geode Capital Management LLC boosted its holdings in Century Aluminum (NASDAQ:CENX) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,279,772 shares of the industrial products company’s stock after buying an additional 13,486 shares during the period. Geode Capital Management LLC’s holdings in Century Aluminum were worth $20,774,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quest Partners LLC increased its position in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares during the period. GAMMA Investing LLC boosted its holdings in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares during the period. Olympiad Research LP acquired a new stake in Century Aluminum in the 3rd quarter worth $180,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Century Aluminum during the 3rd quarter worth about $189,000. Finally, MQS Management LLC raised its position in shares of Century Aluminum by 8.1% during the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after buying an additional 883 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Stock Down 3.1 %

Shares of CENX opened at $18.41 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $20.63 and a two-hundred day moving average price of $17.30. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 6.16 and a beta of 2.50. Century Aluminum has a 12 month low of $9.65 and a 12 month high of $25.39.

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

Analyst Ratings Changes

CENX has been the topic of a number of recent research reports. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. B. Riley upped their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

Century Aluminum Profile

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.