Metropolitan Life Insurance Co. NY Has $451,000 Stake in Century Aluminum Company (CENX)
Metropolitan Life Insurance Co. NY increased its position in Century Aluminum Company (NASDAQ:CENX) by 7.6% during the first quarter, Holdings Channel reports. The institutional investor owned 35,575 shares of the industrial products company’s stock after buying an additional 2,510 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Century Aluminum were worth $451,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Century Aluminum by 67.1% in the first quarter. Bank of Montreal Can now owns 232,782 shares of the industrial products company’s stock worth $2,954,000 after buying an additional 93,446 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Century Aluminum by 13.6% in the first quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after buying an additional 11,538 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Century Aluminum during the first quarter worth approximately $143,000. Paloma Partners Management Co bought a new stake in shares of Century Aluminum during the first quarter worth approximately $505,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Century Aluminum by 3.9% in the first quarter. Principal Financial Group Inc. now owns 378,009 shares of the industrial products company’s stock worth $4,797,000 after buying an additional 14,019 shares in the last quarter. 65.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Century Aluminum Company (NASDAQ:CENX) traded up 1.98% during trading on Tuesday, reaching $14.40. 499,966 shares of the company were exchanged. Century Aluminum Company has a 1-year low of $5.53 and a 1-year high of $19.08. The company’s 50-day moving average is $16.12 and its 200 day moving average is $14.44. The firm’s market capitalization is $1.26 billion.
Century Aluminum (NASDAQ:CENX) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.28. The firm had revenue of $388.80 million during the quarter, compared to analyst estimates of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. Century Aluminum’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) earnings per share. Equities research analysts expect that Century Aluminum Company will post $0.44 EPS for the current fiscal year.
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CENX has been the topic of a number of analyst reports. Zacks Investment Research cut Century Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BMO Capital Markets reissued a “hold” rating and issued a $14.00 price target on shares of Century Aluminum in a research report on Wednesday, April 26th. Cowen and Company dropped their price target on Century Aluminum from $11.00 to $8.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 19th. Finally, BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Six analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Century Aluminum has a consensus rating of “Hold” and an average price target of $14.20.
In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.
About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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