ING Groep NV boosted its position in Century Aluminum Co. (NASDAQ:CENX) by 82.9% during the second quarter, Holdings Channel reports. The firm owned 1,253,628 shares of the company’s stock after buying an additional 568,145 shares during the period. ING Groep NV’s holdings in Century Aluminum were worth $7,948,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in Century Aluminum by 111.4% in the first quarter. Aperio Group LLC now owns 44,542 shares of the company’s stock worth $314,000 after buying an additional 23,474 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Century Aluminum during the first quarter worth approximately $170,000. Teachers Advisors Inc. increased its position in Century Aluminum by 874.9% in the first quarter. Teachers Advisors Inc. now owns 1,178,312 shares of the company’s stock worth $8,307,000 after buying an additional 1,057,444 shares in the last quarter. Franklin Resources Inc. increased its position in Century Aluminum by 53.3% in the first quarter. Franklin Resources Inc. now owns 843,000 shares of the company’s stock worth $5,943,000 after buying an additional 293,000 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in Century Aluminum by 0.8% in the first quarter. BlackRock Fund Advisors now owns 3,102,901 shares of the company’s stock worth $21,875,000 after buying an additional 24,248 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Shares of Century Aluminum Co. (NASDAQ:CENX) traded up 0.43% during midday trading on Monday, reaching $6.98. 1,179,424 shares of the company traded hands. The company has a 50-day moving average of $6.55 and a 200 day moving average of $6.94. Century Aluminum Co. has a 12-month low of $2.63 and a 12-month high of $9.40. The firm’s market capitalization is $607.78 million.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, beating the 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 firm earned $326.75 million during the quarter, compared to the consensus estimate of $338.22 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was down 37.6% compared to the same quarter last year. On average, equities analysts forecast that Century Aluminum Co. will post ($0.31) earnings per share for the current year.
A number of equities analysts have recently commented on the stock. 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. JPMorgan Chase & Co. restated a “sell” rating on shares of Century Aluminum in a research note on Friday, July 29th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Century Aluminum has a consensus rating of “Hold” and an average target price of $6.85.
About Century Aluminum
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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