Century Aluminum Company $CENX Shares Newly Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 249,058 shares of the industrial products company’s stock, valued at approximately $8,976,000.

A number of other large investors have also recently bought and sold shares of CENX. Fulcrum Asset Management LLP bought a new position in Century Aluminum in the third quarter valued at approximately $198,000. Allspring Global Investments Holdings LLC grew its position in Century Aluminum by 9.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 903,893 shares of the industrial products company’s stock valued at $32,531,000 after acquiring an additional 76,862 shares during the last quarter. Alps Advisors Inc. bought a new position in Century Aluminum in the third quarter valued at about $503,000. Ashton Thomas Private Wealth LLC raised its stake in Century Aluminum by 11.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 6,907 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 682 shares in the last quarter. Finally, CenterBook Partners LP raised its stake in Century Aluminum by 174.5% during the third quarter. CenterBook Partners LP now owns 77,831 shares of the industrial products company’s stock worth $2,800,000 after acquiring an additional 49,475 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Trading Up 9.4%

NASDAQ CENX opened at $36.62 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. Century Aluminum Company has a twelve month low of $25.40 and a twelve month high of $70.43. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 4.29 and a beta of 2.17. The business’s fifty day moving average is $37.67 and its 200 day moving average is $49.35.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, November 5th. The industrial products company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.09). The firm had revenue of $961.20 million during the quarter, compared to the consensus estimate of $951.71 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. Century Aluminum’s revenue for the quarter was up 52.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts expect that Century Aluminum Company will post 7.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CENX has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Century Aluminum in a report on Monday, October 19th. Wall Street Zen lowered shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. B. Riley Financial decreased their price target on shares of Century Aluminum from $72.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Wells Fargo & Company lowered their price objective on shares of Century Aluminum from $79.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Zacks Research raised shares of Century Aluminum from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Century Aluminum currently has a consensus rating of “Moderate Buy” and an average price target of $60.80.

Century Aluminum Company Profile

Century Aluminum Company is a global producer of primary aluminum, an essential material used in transportation, construction, packaging, and other industries. Its products include standard-grade and high-purity aluminum, supplied in forms such as ingots and billets for further processing by customers.

The company operates aluminum smelting facilities in the United States and Iceland. Its activities also include producing carbon anodes, which are used in the aluminum-smelting process. Century Aluminum was established in 1995 and is headquartered in Chicago, Illinois.

Century Aluminum serves customers in North America and international markets.