Park Avenue Securities LLC Lowers Position in Century Aluminum Company $CENX

Park Avenue Securities LLC trimmed its position in shares of Century Aluminum Company (NASDAQ:CENX) by 51.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,236 shares of the industrial products company’s stock after selling 10,889 shares during the quarter. Park Avenue Securities LLC’s holdings in Century Aluminum were worth $301,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after buying an additional 1,266 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the first quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,306 shares in the last quarter. CWM LLC grew its position in shares of Century Aluminum by 26.3% during the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 332 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Century Aluminum by 12.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 506 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CENX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, October 8th. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Wells Fargo & Company increased their target price on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price target on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $41.00.

Century Aluminum Stock Performance

Shares of NASDAQ:CENX opened at $47.57 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.71 and a quick ratio of 0.79. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $49.67. The firm has a market capitalization of $4.44 billion, a PE ratio of 55.96 and a beta of 2.26. The business’s 50 day moving average price is $35.00 and its 200-day moving average price is $28.52.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.23). Century Aluminum had a net margin of 3.47% and a return on equity of 12.83%. The firm had revenue of $632.20 million during the quarter, compared to analyst estimates of $629.85 million. During the same period in the prior year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.