Century Aluminum Company $CENX Shares Acquired by Thomist Capital Management LP

Thomist Capital Management LP boosted its position in Century Aluminum Company (NASDAQ:CENX) by 489.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 221,746 shares of the industrial products company’s stock after purchasing an additional 184,100 shares during the quarter. Century Aluminum comprises about 1.2% of Thomist Capital Management LP’s holdings, making the stock its 15th largest position. Thomist Capital Management LP owned 0.24% of Century Aluminum worth $4,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the first quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its stake in Century Aluminum by 1,291.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 1,266 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Century Aluminum by 261.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 2,909 shares during the period. PNC Financial Services Group Inc. raised its holdings in Century Aluminum by 12.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 506 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of Century Aluminum during the 2nd quarter worth $124,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Century Aluminum

In other Century Aluminum news, SVP Agust F. Hafberg sold 9,493 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the sale, the senior vice president directly owned 55,260 shares in the company, valued at $1,542,306.60. The trade was a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

Century Aluminum Price Performance

Shares of Century Aluminum stock opened at $29.68 on Wednesday. The business’s fifty day moving average price is $29.60 and its 200 day moving average price is $23.81. Century Aluminum Company has a twelve month low of $13.05 and a twelve month high of $34.51. The company has a current ratio of 1.71, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.77 billion, a P/E ratio of 34.92 and a beta of 2.28.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.23). The firm had revenue of $632.20 million for the quarter, compared to analyst estimates of $629.85 million. Century Aluminum had a return on equity of 12.83% and a net margin of 3.47%.The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. As a group, research analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

CENX has been the topic of several analyst reports. BMO Capital Markets raised their price objective on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Wells Fargo & Company increased their target price on Century Aluminum from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Zacks Research cut Century Aluminum from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, November 5th. B. Riley upped their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

Century Aluminum Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.