Century Aluminum (NASDAQ:CENX) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Century Aluminum (NASDAQ:CENX) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,755 shares of the industrial products company’s stock after acquiring an additional 4,356 shares during the quarter. Hsbc Holdings PLC’s holdings in Century Aluminum were worth $619,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Century Aluminum by 34.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 2,899 shares in the last quarter. Strs Ohio increased its holdings in shares of Century Aluminum by 625.0% in the third quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 7,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Century Aluminum by 9.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,395,589 shares of the industrial products company’s stock worth $10,034,000 after buying an additional 118,234 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Century Aluminum by 35.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after buying an additional 2,405 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Century Aluminum by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 173,863 shares of the industrial products company’s stock valued at $1,250,000 after buying an additional 13,442 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Trading Up 3.3 %

Shares of Century Aluminum stock traded up $0.53 during trading hours on Friday, hitting $16.81. The company’s stock had a trading volume of 1,228,864 shares, compared to its average volume of 1,517,614. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 7.71 and a beta of 2.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 1.67. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $18.64. The firm has a fifty day moving average of $14.53 and a 200-day moving average of $11.13.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. The company had revenue of $512.30 million for the quarter, compared to analysts’ expectations of $514.40 million. Research analysts forecast that Century Aluminum will post -0.16 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CENX shares. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Friday. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $14.00 in a research note on Tuesday, January 9th. Finally, BMO Capital Markets increased their price target on shares of Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday.

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.