Principal Financial Group Inc. Buys 315 Shares of Century Aluminum Company (CENX)
Principal Financial Group Inc. boosted its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,324 shares of the industrial products company’s stock after acquiring an additional 315 shares during the period. Principal Financial Group Inc. owned 0.43% of Century Aluminum worth $5,894,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in Century Aluminum during the second quarter worth $2,825,000. Prudential Financial Inc. boosted its holdings in shares of Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock valued at $1,226,000 after purchasing an additional 11,538 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Century Aluminum by 18.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 77,580 shares of the industrial products company’s stock valued at $1,208,000 after purchasing an additional 12,258 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Century Aluminum in the 1st quarter valued at $143,000. Finally, Sei Investments Co. increased its stake in shares of Century Aluminum by 4.9% in the 2nd quarter. Sei Investments Co. now owns 115,453 shares of the industrial products company’s stock valued at $1,799,000 after purchasing an additional 5,380 shares during the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.
Shares of Century Aluminum Company (NASDAQ CENX) opened at 16.58 on Monday. The company’s market cap is $1.45 billion. Century Aluminum Company has a 12 month low of $6.51 and a 12 month high of $20.68. The company’s 50-day moving average price is $17.20 and its 200-day moving average price is $15.02.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). The firm had revenue of $388.80 million for the quarter, compared to the consensus estimate of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS. Analysts anticipate that Century Aluminum Company will post $0.54 EPS for the current year.
A number of research firms have recently commented on CENX. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Macquarie initiated coverage on Century Aluminum in a research report on Thursday, September 7th. They issued a “neutral” rating on the stock. Cowen and Company set a $16.00 target price on Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, J P Morgan Chase & Co raised Century Aluminum from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $15.00 to $22.00 in a research note on Monday, August 21st. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.20.
Century Aluminum Profile
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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