Century Aluminum Company $CENX Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Century Aluminum Company (NASDAQ:CENX) by 65.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 679,205 shares of the industrial products company’s stock after purchasing an additional 269,112 shares during the period. Squarepoint Ops LLC owned 0.69% of Century Aluminum worth $31,250,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in Century Aluminum in the 1st quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in Century Aluminum during the first quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 1,306 shares during the last quarter. Advisory Services Network LLC purchased a new position in Century Aluminum in the 3rd quarter worth about $34,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Century Aluminum in the 2nd quarter valued at approximately $37,000. Institutional investors own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Century Aluminum Trading Up 2.5%

CENX opened at $47.95 on Wednesday. The firm has a 50 day simple moving average of $45.64 and a 200 day simple moving average of $53.57. Century Aluminum Company has a fifty-two week low of $21.56 and a fifty-two week high of $70.43. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 8.28 and a beta of 1.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61.

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

Century Aluminum 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.