Century Aluminum Company (CENX) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP cut its stake in Century Aluminum Company (NASDAQ:CENX) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,347,824 shares of the industrial products company’s stock after selling 35,202 shares during the period. Dimensional Fund Advisors LP owned approximately 8.42% of Century Aluminum worth $114,481,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CENX. Texas Permanent School Fund boosted its position in shares of Century Aluminum by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 36,315 shares of the industrial products company’s stock worth $566,000 after buying an additional 307 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Century Aluminum by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 370 shares during the last quarter. Arizona State Retirement System grew its stake in Century Aluminum by 1.6% in the 1st quarter. Arizona State Retirement System now owns 25,937 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 400 shares during the last quarter. Mason Street Advisors LLC grew its stake in Century Aluminum by 7.2% in the 1st quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 783 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Century Aluminum by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 264,149 shares of the industrial products company’s stock valued at $4,115,000 after acquiring an additional 825 shares during the last quarter. Institutional investors own 67.17% of the company’s stock.
Century Aluminum Company (NASDAQ:CENX) opened at 16.58 on Monday. The firm’s market cap is $1.45 billion. Century Aluminum Company has a 52 week low of $6.51 and a 52 week high of $20.68. The company has a 50-day moving average of $17.20 and a 200 day moving average of $15.02.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 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 for the quarter, compared to analysts’ expectations of $398.33 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts predict that Century Aluminum Company will post $0.54 earnings per share for the current year.
CENX has been the subject of several recent research reports. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Macquarie assumed coverage on shares of Century Aluminum in a research report on Thursday, September 7th. They issued a “neutral” rating on the stock. Cowen and Company set a $16.00 price target on shares of Century Aluminum and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, J P Morgan Chase & Co raised shares of Century Aluminum from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $15.00 to $22.00 in a research note on Monday, August 21st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.20.
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About Century Aluminum
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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