1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership increased its holdings in Century Aluminum ( NASDAQ:CENX – Free Report ) by 348.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 496,970 shares of the industrial products company’s stock after buying an additional 386,133 shares during the period.
Arrowstreet Capital Limited Partnership owned 0.54% of Century Aluminum worth $9,055,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also made changes to their positions in the stock.
Geode Capital Management LLC lifted its position in shares of Century Aluminum by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock valued at $20,774,000 after acquiring an additional 13,486 shares during the period.
JPMorgan Chase & Co. raised its stake in Century Aluminum by 49.9% in the third quarter.
JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after purchasing an additional 319,164 shares in the last quarter. Impala Asset Management LLC lifted its position in Century Aluminum by 6.
4% during the third quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after purchasing an additional 54,000 shares during the period. Charles Schwab Investment Management Inc.
grew its stake in Century Aluminum by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 539,161 shares of the industrial products company’s stock worth $9,824,000 after buying an additional 51,770 shares in the last quarter. Finally, Pertento Partners LLP bought a new position in Century Aluminum in the 4th quarter valued at about $7,678,000. 61.
59% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on CENX. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.
00 price target for the company in a report on Monday, February 24th. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, March 24th.
Century Aluminum Price Performance CENX stock opened at $14.99 on Monday. The stock has a market cap of $1.
38 billion, a price-to-earnings ratio of 4.74 and a beta of 2.56.
The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.
56. The company has a 50 day simple moving average of $19.01 and a 200 day simple moving average of $19.
18. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.
39. Century Aluminum ( NASDAQ:CENX – Get Free Report ) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.
47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05.
The company had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million.
Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%.
During the same period in the prior year, the company earned $0.39 EPS. Research analysts anticipate that Century Aluminum will post 2.
76 EPS for the current fiscal year. Insider Activity In other news, CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th.
The stock was sold at an average price of $19.99, for a total value of $49,975.00.
Following the completion of the transaction, the chief accounting officer now owns 64,083 shares of the company’s stock, valued at $1,281,019.17. This represents a 3.
75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Insiders own 0.
68% of the company’s stock. Century Aluminum Company Profile ( Free Report ) 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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