Victory Capital Management Inc. Cuts Position in Century Aluminum Company (CENX)
Victory Capital Management Inc. cut its position in shares of Century Aluminum Company (NASDAQ:CENX) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,909,110 shares of the industrial products company’s stock after selling 67,734 shares during the period. Victory Capital Management Inc. owned about 2.19% of Century Aluminum worth $29,744,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Clinton Group Inc. purchased a new stake in shares of Century Aluminum during the first quarter worth $143,000. Mason Street Advisors LLC boosted its stake in shares of Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after buying an additional 4,326 shares during the last quarter. 361 Capital LLC purchased a new stake in shares of Century Aluminum during the first quarter worth $162,000. Finally, Laurion Capital Management LP boosted its stake in shares of Century Aluminum by 27.9% in the first quarter. Laurion Capital Management LP now owns 13,300 shares of the industrial products company’s stock worth $169,000 after buying an additional 2,900 shares during the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.
Century Aluminum Company (CENX) opened at 20.56 on Friday. The firm’s market capitalization is $1.80 billion. The company’s 50-day moving average price is $16.68 and its 200 day moving average price is $14.64. Century Aluminum Company has a 1-year low of $5.53 and a 1-year high of $20.63.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.28. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The company had revenue of $388.80 million during the quarter, compared to analyst estimates of $398.33 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities analysts anticipate that Century Aluminum Company will post $0.46 EPS for the current year.
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A number of equities research analysts have recently weighed in on CENX shares. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 11th. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Century Aluminum in a research note on Sunday, July 2nd. Deutsche Bank AG raised Century Aluminum from a “sell” rating to a “hold” rating and lifted their price objective for the company from $10.00 to $15.00 in a research note on Friday, June 23rd. Finally, Cowen and Company set a $16.00 price objective on Century Aluminum and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.20.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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