814,000 Shares in Century Aluminum Company (CENX) Acquired by Amerigo Asset Management
Amerigo Asset Management bought a new position in shares of Century Aluminum Company (NASDAQ:CENX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 814,000 shares of the industrial products company’s stock, valued at approximately $13,496,000. Century Aluminum makes up 1.3% of Amerigo Asset Management’s portfolio, making the stock its 9th largest position. Amerigo Asset Management owned 0.93% of Century Aluminum at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 2.3% during the second quarter. Vanguard Group Inc. now owns 4,628,874 shares of the industrial products company’s stock worth $72,117,000 after acquiring an additional 104,392 shares in the last quarter. State Street Corp lifted its position in shares of Century Aluminum by 19.9% during the first quarter. State Street Corp now owns 4,491,650 shares of the industrial products company’s stock worth $56,998,000 after acquiring an additional 744,622 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Century Aluminum by 6.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,433,902 shares of the industrial products company’s stock worth $56,934,000 after acquiring an additional 210,292 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Century Aluminum by 742.8% during the second quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock worth $47,173,000 after acquiring an additional 2,668,550 shares in the last quarter. Finally, Impala Asset Management LLC lifted its position in shares of Century Aluminum by 63.2% during the second quarter. Impala Asset Management LLC now owns 2,797,458 shares of the industrial products company’s stock worth $43,584,000 after acquiring an additional 1,083,314 shares in the last quarter. Hedge funds and other institutional investors own 67.35% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/09/814000-shares-in-century-aluminum-company-cenx-acquired-by-amerigo-asset-management.html.
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut 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 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 stock a “hold” rating in a 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 upped their price target for the stock from $15.00 to $22.00 in a report on Monday, August 21st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.10.
Century Aluminum Company (NASDAQ CENX) traded down $0.46 during trading on Thursday, hitting $14.25. 1,415,507 shares of the stock traded hands, compared to its average volume of 2,580,490. Century Aluminum Company has a 52-week low of $7.13 and a 52-week high of $20.68. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. sell-side analysts anticipate that Century Aluminum Company will post 0.39 earnings per share for the current year.
Century Aluminum 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.
Receive News & Stock Ratings for Century Aluminum Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum Company and related stocks with our FREE daily email newsletter.