365,400 Shares in Century Aluminum Company $CENX Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in Century Aluminum Company (NASDAQ:CENX) during the second quarter, HoldingsChannel.com reports. The fund acquired 365,400 shares of the industrial products company’s stock, valued at approximately $16,812,000.

A number of other institutional investors have also bought and sold shares of CENX. Cetera Investment Advisers lifted its stake in shares of Century Aluminum by 510.6% during the first quarter. Cetera Investment Advisers now owns 43,612 shares of the industrial products company’s stock valued at $2,560,000 after buying an additional 36,469 shares during the period. Vanguard Group Inc. grew its stake in Century Aluminum by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after acquiring an additional 1,094,257 shares during the period. Sigma Planning Corp purchased a new stake in Century Aluminum in the 4th quarter worth approximately $1,249,000. Kailix Advisors LLC acquired a new position in Century Aluminum in the 4th quarter valued at $5,742,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Century Aluminum in the 4th quarter valued at $899,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX stock opened at $46.59 on Friday. The company’s fifty day simple moving average is $45.58 and its 200-day simple moving average is $53.69. 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 Company has a 52 week low of $20.91 and a 52 week high of $70.43. The company has a market cap of $4.61 billion, a PE ratio of 8.05 and a beta of 1.96.

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

Wall Street Analyst Weigh In

CENX has been the topic of several analyst reports. UBS Group initiated coverage on Century Aluminum in a report on Monday, August 10th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Research downgraded Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. B. Riley Financial reissued a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Finally, Weiss Ratings cut Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Century Aluminum currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

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.