Deutsche Bank AG Purchases New Position in Century Aluminum Company $CENX

Key Points

• Deutsche Bank acquired 263,726 Century Aluminum shares in the second quarter, valued at approximately $12.1 million, giving it a 0.27% stake. Institutional investors collectively own 61.59% of the company.
• 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.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $72 target price, despite the stock trading at $43.92 and receiving one “Sell” rating.

Deutsche Bank AG acquired a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 263,726 shares of the industrial products company's stock, valued at approximately $12,134,000. Deutsche Bank AG owned about 0.27% of Century Aluminum as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hollencrest Capital Management acquired a new stake in Century Aluminum in the first quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Century Aluminum during the 1st quarter worth $42,000. Strs Ohio bought a new position in shares of Century Aluminum during the 1st quarter valued at $47,000. Transamerica Financial Advisors LLC bought a new position in shares of Century Aluminum during the 4th quarter valued at $40,000. Finally, Leonteq Securities AG acquired a new stake in shares of Century Aluminum in the 1st quarter valued at $67,000. Institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Up 1.2%

CENX stock opened at $43.92 on Friday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 7.59 and a beta of 1.96. The company has a 50-day moving average of $46.41 and a two-hundred day moving average of $53.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. Century Aluminum Company has a 52-week low of $20.91 and a 52-week high of $70.43.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $817.15 million. The company's revenue was up 59.0% on a year-over-year basis. As a group, equities research analysts anticipate that Century Aluminum Company will post 8.34 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CENX shares. Wells Fargo & Company upped their price objective 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 lowered Century Aluminum from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. UBS Group started coverage on Century Aluminum in a report on Monday, August 10th. They set a "buy" rating and a $60.00 target price on the stock. Wall Street Zen cut Century Aluminum from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Finally, B. Riley Financial reiterated a "buy" rating on shares of Century Aluminum in a research note on Tuesday. Four equities 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 company's stock. According to data from MarketBeat.com, Century Aluminum has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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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