Jupiter Topco LLC Acquires Shares of 29,885 Century Aluminum Company $CENX

Jupiter Topco LLC bought a new position in shares of Century Aluminum Company (NASDAQ:CENX) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 29,885 shares of the industrial products company’s stock, valued at approximately $1,375,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the first quarter worth $25,000. Hollencrest Capital Management purchased a new position in Century Aluminum in the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,306 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Century Aluminum in the 3rd quarter worth about $34,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Century Aluminum during the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CENX. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. B. Riley Financial reaffirmed a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Wells Fargo & Company upped their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Century Aluminum Trading Down 1.5%

Shares of NASDAQ:CENX opened at $46.78 on Friday. Century Aluminum Company has a 52 week low of $21.48 and a 52 week high of $70.43. The company’s 50 day moving average is $45.59 and its two-hundred day moving average is $53.54. The company has a market cap of $4.63 billion, a PE ratio of 8.08 and a beta of 1.99. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm had revenue of $752.10 million during the quarter, compared to the consensus estimate of $817.15 million. The company’s revenue was up 59.0% on a year-over-year basis. Equities analysts predict that Century Aluminum Company will post 7.75 earnings per share for the current fiscal year.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.