123,069 Shares in Century Aluminum Company $CENX Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 123,069 shares of Century Aluminum in the second quarter, worth approximately $5.66 million and representing about 0.12% of the company. Institutional investors collectively own 61.59% of CENX.
• Century Aluminum reported quarterly EPS of $2.46, exceeding estimates of $2.33, while revenue rose 59% year over year to $752.1 million but fell short of expectations. Analysts project full-year EPS of $7.75.
• CENX recently traded at $47.51, and analysts maintain a “Moderate Buy” consensus with a $72 average price target, despite mixed ratings ranging from “strong sell” to “buy.”

Legal & General Group Plc acquired a new stake in Century Aluminum Company (NASDAQ:CENX - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 123,069 shares of the industrial products company's stock, valued at approximately $5,662,000. Legal & General Group Plc owned about 0.12% of Century Aluminum as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lido Advisors LLC boosted its holdings in Century Aluminum by 1.4% in the first quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company's stock valued at $768,000 after acquiring an additional 180 shares during the last quarter. Summit Global Investments lifted its position in Century Aluminum by 3.2% during the 1st quarter. Summit Global Investments now owns 7,866 shares of the industrial products company's stock valued at $462,000 after purchasing an additional 241 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Century Aluminum by 26.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company's stock valued at $83,000 after purchasing an additional 297 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Century Aluminum by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company's stock valued at $402,000 after purchasing an additional 308 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Century Aluminum by 48.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company's stock worth $47,000 after buying an additional 386 shares during the period. Institutional investors own 61.59% of the company's stock.

Century Aluminum Trading Up 0.5%

Shares of NASDAQ CENX opened at $47.51 on Friday. Century Aluminum Company has a twelve month low of $21.48 and a twelve month high of $70.43. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 8.21 and a beta of 1.99. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. The company's fifty day moving average is $45.58 and its 200-day moving average is $53.59.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.13. The business 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 company's quarterly revenue was up 59.0% on a year-over-year basis. Equities research analysts predict that Century Aluminum Company will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Century Aluminum Company 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.

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