46,031 Shares in Century Aluminum Company $CENX Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 46,031 shares of Century Aluminum worth approximately $2.12 million, while institutional investors and hedge funds collectively own 61.59% of the company.
• Analyst sentiment remains broadly positive, with four Buy ratings, one Hold and one Sell; the stock has an average rating of “Moderate Buy” and a consensus price target of $72.
• Century Aluminum reported quarterly EPS of $2.46, beating estimates of $2.33, while revenue rose 59% year over year to $752.1 million but came in below analysts’ $817.15 million forecast.

Empowered Funds LLC purchased a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,031 shares of the industrial products company's stock, valued at approximately $2,118,000.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. B. Riley Financial reiterated a "buy" rating on shares of Century Aluminum in a research report on Tuesday, August 18th. Wall Street Zen lowered Century Aluminum from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Weiss Ratings lowered Century Aluminum from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 21st. UBS Group started coverage on Century Aluminum in a report on Monday, August 10th. They set a "buy" rating and a $60.00 price objective on the stock. Finally, Zacks Research cut shares of Century Aluminum from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $72.00.

Century Aluminum Stock Up 0.5%

Shares of Century Aluminum stock opened at $47.51 on Friday. Century Aluminum Company has a 1 year low of $21.48 and a 1 year high of $70.43. The company has a market cap of $4.70 billion, a P/E ratio of 8.21 and a beta of 1.99. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $45.58 and a 200 day moving average price of $53.59.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The business had revenue of $752.10 million during the quarter, compared to analyst estimates of $817.15 million. Century Aluminum's revenue for the quarter was up 59.0% compared to the same quarter last year. As a group, analysts expect that Century Aluminum Company will post 7.75 EPS for the current fiscal year.

About Century Aluminum

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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