Callan Family Office LLC Acquires Shares of 14,340 Century Aluminum Company $CENX

Callan Family Office LLC acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,340 shares of the industrial products company’s stock, valued at approximately $660,000.

Other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Century Aluminum during the 1st quarter worth $29,000. Summit Securities Group LLC bought a new position in Century Aluminum in the 1st quarter valued at about $42,000. Strs Ohio acquired a new position in shares of Century Aluminum in the 1st quarter valued at approximately $47,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Century Aluminum during the 4th quarter worth approximately $40,000. Finally, Leonteq Securities AG bought a new stake in Century Aluminum during the first quarter worth $67,000. Institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Wells Fargo & Company raised their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. UBS Group initiated coverage on shares of Century Aluminum in a research report on Monday, August 10th. They set a “buy” rating and a $60.00 price objective for the company. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Finally, Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.00.

Century Aluminum Stock Up 1.2%

NASDAQ:CENX opened at $44.20 on Wednesday. Century Aluminum Company has a one year low of $20.91 and a one year high of $70.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. The company has a market cap of $4.38 billion, a PE ratio of 7.63 and a beta of 1.96. The firm’s 50 day simple moving average is $46.01 and its 200 day simple moving average is $53.81.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. The firm had revenue of $752.10 million during the quarter, compared to analysts’ expectations of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm’s revenue for the quarter was up 59.0% on a year-over-year basis. On average, research analysts anticipate that Century Aluminum Company will post 8.34 earnings per share for the current year.

Century Aluminum Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.