Northern Trust Corp Has $9.77 Million Holdings in Century Aluminum Company $CENX

Northern Trust Corp cut its holdings in Century Aluminum Company (NASDAQ:CENX) by 2.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 526,640 shares of the industrial products company’s stock after selling 13,808 shares during the quarter. Northern Trust Corp’s holdings in Century Aluminum were worth $9,774,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock valued at $75,000 after buying an additional 2,909 shares in the last quarter. GAMMA Investing LLC boosted its stake in Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $101,000 after buying an additional 628 shares in the last quarter. Corton Capital Inc. bought a new position in Century Aluminum in the fourth quarter valued at about $189,000. Vise Technologies Inc. bought a new position in Century Aluminum in the fourth quarter valued at about $225,000. Finally, ProShare Advisors LLC raised its position in Century Aluminum by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 15,893 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 4,896 shares during the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Matt Aboud sold 12,027 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the transaction, the senior vice president directly owned 62,589 shares in the company, valued at $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is owned by company insiders.

Century Aluminum Price Performance

Shares of CENX opened at $22.09 on Friday. Century Aluminum Company has a 1 year low of $11.63 and a 1 year high of $25.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.04 and a beta of 2.55. The business has a 50-day moving average of $21.36 and a 200-day moving average of $18.85.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $628.10 million for the quarter, compared to the consensus estimate of $606.10 million. As a group, equities research analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

CENX has been the subject of several research reports. B. Riley increased their target price on Century Aluminum from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, Century Aluminum presently has an average rating of “Buy” and a consensus price target of $24.67.

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.