Century Aluminum Company $CENX Shares Acquired by Public Sector Pension Investment Board

Key Points

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Public Sector Pension Investment Board lifted its position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) by 27.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 164,833 shares of the industrial products company's stock after buying an additional 35,381 shares during the period. Public Sector Pension Investment Board owned 0.18% of Century Aluminum worth $3,059,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CENX. Wells Fargo & Company MN raised its stake in Century Aluminum by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 103,577 shares of the industrial products company's stock worth $1,887,000 after purchasing an additional 3,580 shares during the period. Barclays PLC raised its stake in Century Aluminum by 2.6% during the fourth quarter. Barclays PLC now owns 99,918 shares of the industrial products company's stock worth $1,820,000 after purchasing an additional 2,522 shares during the period. XTX Topco Ltd purchased a new position in Century Aluminum during the fourth quarter worth approximately $333,000. Marshall Wace LLP purchased a new position in Century Aluminum during the fourth quarter worth approximately $313,000. Finally, First Trust Advisors LP raised its stake in Century Aluminum by 5.0% during the fourth quarter. First Trust Advisors LP now owns 192,465 shares of the industrial products company's stock worth $3,507,000 after purchasing an additional 9,146 shares during the period. Hedge funds and other institutional investors own 61.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CENX. Wall Street Zen downgraded shares of Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. B. Riley boosted their target price on Century Aluminum from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to MarketBeat.com, Century Aluminum has an average rating of "Buy" and an average target price of $24.67.

Insider Activity

In other news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the sale, the senior vice president owned 62,589 shares of the company's stock, valued at $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

Century Aluminum Trading Up 1.1%

Shares of Century Aluminum stock traded up $0.24 during trading hours on Friday, hitting $22.21. The company's stock had a trading volume of 1,884,674 shares, compared to its average volume of 1,498,767. Century Aluminum Company has a 1-year low of $11.63 and a 1-year high of $25.39. The business has a fifty day moving average of $20.43 and a 200 day moving average of $18.72. The company has a market capitalization of $2.07 billion, a PE ratio of 19.15 and a beta of 2.53. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The business had revenue of $628.10 million during the quarter, compared to analyst estimates of $606.10 million. As a group, equities analysts forecast that Century Aluminum Company will post 2.76 EPS for the current year.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.