Everence Capital Management Inc. Invests $165,000 in Century Aluminum (NASDAQ:CENX)

Everence Capital Management Inc. purchased a new position in shares of Century Aluminum (NASDAQ:CENX) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,620 shares of the industrial products company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming bought a new stake in shares of Century Aluminum during the 2nd quarter valued at $28,000. Commonwealth Equity Services LLC bought a new stake in Century Aluminum in the 3rd quarter valued at $53,000. Quantbot Technologies LP bought a new stake in Century Aluminum in the 2nd quarter valued at $57,000. Strs Ohio increased its holdings in Century Aluminum by 625.0% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Century Aluminum by 35.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 2,405 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of NASDAQ:CENX opened at $17.89 on Friday. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $18.64. The stock has a market capitalization of $1.66 billion, a P/E ratio of -35.78 and a beta of 2.71. The firm has a fifty day simple moving average of $13.16 and a two-hundred day simple moving average of $10.38. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 1.25.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. The business had revenue of $512.30 million during the quarter, compared to analysts’ expectations of $514.40 million. On average, analysts expect that Century Aluminum will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CENX. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $14.00 in a report on Tuesday, January 9th.

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.