Allianz Asset Management GmbH Makes New Investment in Century Aluminum Company $CENX

Allianz Asset Management GmbH acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,945 shares of the industrial products company's stock, valued at approximately $2,114,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CENX. Hollencrest Capital Management bought a new position in Century Aluminum during the first quarter worth $29,000. Summit Securities Group LLC acquired a new position in Century Aluminum in the 1st quarter valued at $42,000. Strs Ohio acquired a new position in shares of Century Aluminum in the first quarter valued at about $47,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Century Aluminum in the second quarter valued at about $37,000. Finally, Transamerica Financial Advisors LLC bought a new position in Century Aluminum during the fourth quarter worth about $40,000. 61.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CENX has been the subject of several analyst reports. Wall Street Zen cut shares of Century Aluminum from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. 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. Zacks Research cut shares of Century Aluminum from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. B. Riley Financial reiterated a "buy" rating on shares of Century Aluminum in a research report on Tuesday, August 18th. Finally, UBS Group initiated coverage on Century Aluminum in a research note on Monday, August 10th. They issued a "buy" rating and a $60.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Century Aluminum Stock Performance

Shares of Century Aluminum stock opened at $47.69 on Thursday. 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 company has a market cap of $4.72 billion, a PE ratio of 8.24 and a beta of 1.99. The company has a 50 day moving average of $45.73 and a 200-day moving average of $53.53. Century Aluminum Company has a 1-year low of $21.96 and a 1-year high of $70.43.

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