Vanguard Group Inc. Has $106.06 Million Holdings in Century Aluminum Company $CENX

Key Points

• Vanguard Group Inc. has reduced its stake in Century Aluminum Company by 2.3%, now owning approximately 5.71 million shares valued at $106 million.
• Century Aluminum reported a loss of $0.05 EPS in its recent quarterly earnings, missing the consensus estimate by $0.39, despite revenue exceeding expectations at $628.1 million.
• Several analysts have shifted their ratings on Century Aluminum, with Zacks Research upgrading it to a "strong-buy" rating, while the stock currently has an average price target of $24.67.

Vanguard Group Inc. lessened its holdings in Century Aluminum Company (NASDAQ:CENX - Free Report) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,714,400 shares of the industrial products company's stock after selling 136,540 shares during the period. Vanguard Group Inc. owned about 6.12% of Century Aluminum worth $106,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Alberta Investment Management Corp acquired a new stake in shares of Century Aluminum in the 1st quarter worth about $4,918,000. Monaco Asset Management SAM acquired a new stake in shares of Century Aluminum in the 1st quarter worth about $2,552,000. GSA Capital Partners LLP acquired a new stake in shares of Century Aluminum in the 1st quarter worth about $1,798,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Century Aluminum by 30.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,441 shares of the industrial products company's stock worth $417,000 after acquiring an additional 5,182 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Century Aluminum in the 1st quarter worth about $2,998,000. Institutional investors and hedge funds own 61.59% of the company's stock.

Insider Buying and Selling

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.76% of the company's stock.

Century Aluminum Stock Up 1.1%

Century Aluminum stock opened at $22.21 on Friday. Century Aluminum Company has a twelve month low of $11.63 and a twelve month high of $25.39. The firm has a 50 day moving average price of $20.43 and a 200-day moving average price of $18.72. The company has a market capitalization of $2.07 billion, a P/E 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) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.39). The business had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%. As a group, equities analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CENX shares. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. B. Riley increased their price objective on shares of Century Aluminum from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $24.67.

About Century Aluminum

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.

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