Barclays PLC Increases Position in Century Aluminum (NASDAQ:CENX)

Barclays PLC increased its stake in shares of Century Aluminum (NASDAQ:CENX) by 266.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,396 shares of the industrial products company’s stock after buying an additional 70,825 shares during the period. Barclays PLC’s holdings in Century Aluminum were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. purchased a new stake in shares of Century Aluminum during the 2nd quarter worth approximately $681,000. Principal Financial Group Inc. raised its holdings in Century Aluminum by 17.0% during the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock worth $4,901,000 after purchasing an additional 43,881 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Century Aluminum during the third quarter worth $475,000. Assenagon Asset Management S.A. boosted its position in Century Aluminum by 16.9% during the third quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company’s stock worth $10,084,000 after purchasing an additional 89,621 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Century Aluminum in the third quarter valued at $559,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CENX shares. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. B. Riley lifted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Tuesday, December 3rd. Finally, 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 research report on Tuesday, November 5th.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the sale, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Century Aluminum Trading Down 0.1 %

Century Aluminum stock opened at $19.32 on Friday. The stock has a 50-day moving average price of $20.84 and a 200 day moving average price of $17.49. Century Aluminum has a 52 week low of $9.65 and a 52 week high of $25.39. The stock has a market cap of $1.79 billion, a PE ratio of 6.46 and a beta of 2.53. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

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

Century Aluminum Company 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.