23,767 Shares in Century Aluminum (NASDAQ:CENX) Bought by Lazard Asset Management LLC

Lazard Asset Management LLC purchased a new position in Century Aluminum (NASDAQ:CENXGet Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,767 shares of the industrial products company’s stock, valued at approximately $393,000.

A number of other hedge funds have also recently modified their holdings of CENX. Versor Investments LP purchased a new stake in shares of Century Aluminum in the fourth quarter worth $185,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Century Aluminum by 15.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,130,150 shares of the industrial products company’s stock worth $18,715,000 after acquiring an additional 147,795 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Century Aluminum in the fourth quarter worth $212,000. American Century Companies Inc. grew its stake in shares of Century Aluminum by 15.2% in the fourth quarter. American Century Companies Inc. now owns 27,722 shares of the industrial products company’s stock worth $459,000 after acquiring an additional 3,661 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Century Aluminum by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 2,410,791 shares of the industrial products company’s stock worth $39,923,000 after acquiring an additional 72,071 shares during the last quarter. 56.11% of the stock is currently owned by institutional investors.

Century Aluminum stock opened at $12.79 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.27 and a debt-to-equity ratio of 0.84. Century Aluminum has a one year low of $10.39 and a one year high of $30.36. The business’s fifty day moving average is $22.70 and its 200 day moving average is $18.76.

Century Aluminum (NASDAQ:CENXGet Rating) last released its quarterly earnings data on Thursday, April 28th. The industrial products company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.36 by $0.23. Century Aluminum had a positive return on equity of 11.58% and a negative net margin of 0.57%. The company had revenue of $753.60 million for the quarter, compared to analysts’ expectations of $748.40 million. During the same period last year, the firm posted ($0.54) earnings per share. As a group, research analysts anticipate that Century Aluminum will post 3.46 EPS for the current year.

In other news, VP Michelle Harrison sold 16,284 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $23.22, for a total value of $378,114.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Dezee sold 15,287 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $27.64, for a total value of $422,532.68. The disclosure for this sale can be found here. In the last three months, insiders sold 44,491 shares of company stock worth $1,132,562. 0.72% of the stock is owned by corporate insiders.

A number of research firms have recently commented on CENX. TheStreet raised Century Aluminum from a “d” rating to a “c” rating in a research note on Thursday, February 24th. B. Riley cut their target price on Century Aluminum from $32.00 to $30.00 in a research note on Monday, May 2nd. Finally, StockNews.com assumed coverage on Century Aluminum in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $21.00.

About Century Aluminum (Get Rating)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.

Further Reading

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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