Bank of New York Mellon Corp Increases Stock Position in Century Aluminum (NASDAQ:CENX)

Bank of New York Mellon Corp boosted its position in Century Aluminum (NASDAQ:CENX) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,045 shares of the industrial products company’s stock after purchasing an additional 19,129 shares during the quarter. Bank of New York Mellon Corp’s holdings in Century Aluminum were worth $6,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mountaineer Partners Management LLC increased its holdings in shares of Century Aluminum by 1,607.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock worth $370,841,000 after buying an additional 21,510,639 shares during the last quarter. Geode Capital Management LLC boosted its position in Century Aluminum by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock valued at $20,774,000 after buying an additional 13,486 shares during the period. JPMorgan Chase & Co. boosted its position in Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after buying an additional 319,164 shares during the period. Impala Asset Management LLC boosted its position in Century Aluminum by 6.4% during the 3rd quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock valued at $14,672,000 after buying an additional 54,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Century Aluminum by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock worth $7,910,000 after purchasing an additional 10,105 shares during the period. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research report on Tuesday, December 3rd. BMO Capital Markets upgraded shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday, February 24th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $19.95 on Monday. The firm has a 50 day moving average of $19.32 and a 200 day moving average of $18.61. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 6.31 and a beta of 2.67. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $631.00 million for the quarter, compared to the consensus estimate of $515.27 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current year.

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.