Century Aluminum Company (NASDAQ:CENX) Position Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 10.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 432,561 shares of the industrial products company’s stock after buying an additional 40,007 shares during the period. Geode Capital Management LLC owned 0.50% of Century Aluminum worth $5,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its position in shares of Century Aluminum by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock worth $258,000 after buying an additional 300 shares during the period. Arizona State Retirement System boosted its position in shares of Century Aluminum by 1.6% in the first quarter. Arizona State Retirement System now owns 25,937 shares of the industrial products company’s stock worth $329,000 after buying an additional 400 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Century Aluminum by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,310 shares of the industrial products company’s stock worth $225,000 after buying an additional 710 shares during the period. Mason Street Advisors LLC boosted its position in shares of Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares during the period. Finally, CIBC World Markets Inc. boosted its position in shares of Century Aluminum by 4.7% in the first quarter. CIBC World Markets Inc. now owns 25,328 shares of the industrial products company’s stock worth $321,000 after buying an additional 1,141 shares during the period. 65.17% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Company (CENX) traded up 1.23% during mid-day trading on Friday, hitting $13.97. 362,574 shares of the company’s stock were exchanged. The stock’s market cap is $1.22 billion. Century Aluminum Company has a 12 month low of $5.53 and a 12 month high of $19.08. The stock’s 50 day moving average price is $16.13 and its 200-day moving average price is $14.46.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.28. The company had revenue of $388.80 million during 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%. Century Aluminum’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. Equities analysts expect that Century Aluminum Company will post $0.44 EPS for the current fiscal year.

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A number of brokerages recently issued reports on CENX. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 11th. BMO Capital Markets reissued a “hold” rating and issued a $14.00 price objective on shares of Century Aluminum in a research note on Sunday, July 2nd. Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and lifted their price objective for the company from $10.00 to $15.00 in a research note on Friday, June 23rd. BidaskClub cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company lifted their price objective on shares of Century Aluminum from $11.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Six analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.20.

In other news, insider Michael A. Bless sold 27,618 shares of the stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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