Callan Family Office LLC Buys Shares of 14,340 Century Aluminum Company $CENX

Callan Family Office LLC purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX) in the 2nd quarter, HoldingsChannel reports. The firm purchased 14,340 shares of the industrial products company’s stock, valued at approximately $660,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Century Aluminum during the second quarter valued at $474,129,000. Sourcerock Group LLC grew its holdings in Century Aluminum by 612.0% during the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after acquiring an additional 1,224,088 shares during the period. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. Encompass Capital Advisors LLC lifted its stake in shares of Century Aluminum by 210.4% in the 1st quarter. Encompass Capital Advisors LLC now owns 1,551,362 shares of the industrial products company’s stock valued at $91,049,000 after purchasing an additional 1,051,525 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Century Aluminum by 109.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock valued at $107,422,000 after purchasing an additional 957,571 shares during the period. 61.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Wells Fargo & Company raised their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. UBS Group started coverage on shares of Century Aluminum in a report on Monday, August 10th. They set a “buy” rating and a $60.00 price objective on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Finally, Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Century Aluminum Stock Up 1.2%

Shares of NASDAQ:CENX opened at $44.20 on Wednesday. The company has a market capitalization of $4.38 billion, a PE ratio of 7.63 and a beta of 1.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. The business has a fifty day moving average price of $46.01 and a two-hundred day moving average price of $53.81. Century Aluminum Company has a 1 year low of $20.91 and a 1 year high of $70.43.

Century Aluminum (NASDAQ:CENX) last released 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. The company had revenue of $752.10 million for the quarter, compared to analysts’ expectations of $817.15 million. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.The firm’s revenue was up 59.0% compared to the same quarter last year. Analysts forecast that Century Aluminum Company will post 8.34 earnings per share for the current year.

Century Aluminum Company Profile

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.