Jupiter Topco LLC Acquires Shares of 29,885 Century Aluminum Company $CENX

Key Points

• Jupiter Topco LLC acquired 29,885 shares of Century Aluminum in the second quarter, valued at approximately $1.375 million. Institutional investors collectively own 61.59% of the company.
• Analyst sentiment remains mixed but leans positive: four analysts rate CENX a Buy, one rates it Hold, and one rates it Sell. The stock has an overall “Moderate Buy” rating and an average 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 fell short of consensus expectations.

Jupiter Topco LLC bought a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 29,885 shares of the industrial products company's stock, valued at approximately $1,375,000.

Several other institutional investors have also recently made changes to their positions in CENX. Kinetic Partners Management LP purchased a new position in Century Aluminum in the 2nd quarter worth approximately $35,736,000. Hsbc Holdings PLC bought a new position in Century Aluminum during the second quarter valued at approximately $804,000. Canada Pension Plan Investment Board purchased a new position in Century Aluminum during the 2nd quarter valued at approximately $16,812,000. Nicholas Investment Partners LP bought a new stake in Century Aluminum in the 2nd quarter worth approximately $9,110,000. Finally, Legal & General Group Plc purchased a new stake in shares of Century Aluminum during the 2nd quarter worth approximately $5,662,000. Institutional investors own 61.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CENX shares. Wall Street Zen cut shares of Century Aluminum from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. B. Riley Financial reissued a "buy" rating on shares of Century Aluminum in a research report on Tuesday, August 18th. Weiss Ratings downgraded 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 shares of Century Aluminum in a research report on Monday, August 10th. They set a "buy" rating and a $60.00 price objective on the stock. Finally, Zacks Research downgraded shares of Century Aluminum from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Century Aluminum presently has an average rating of "Moderate Buy" and an average target price of $72.00.

Century Aluminum Price Performance

NASDAQ CENX opened at $46.78 on Friday. Century Aluminum Company has a 12-month low of $21.48 and a 12-month high of $70.43. The firm has a market capitalization of $4.63 billion, a P/E ratio of 8.08 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 firm's fifty day simple moving average is $45.59 and its two-hundred day simple moving average is $53.54.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly 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 business had revenue of $752.10 million for the quarter, compared to analyst estimates of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The company's revenue was up 59.0% compared to the same quarter last year. Analysts forecast that Century Aluminum Company will post 7.75 EPS for the current fiscal year.

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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