SG Americas Securities LLC Grows Position in Century Aluminum Co (NASDAQ:CENX)

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SG Americas Securities LLC boosted its holdings in Century Aluminum Co (NASDAQ:CENX) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,872 shares of the industrial products company’s stock after acquiring an additional 1,604 shares during the quarter. SG Americas Securities LLC’s holdings in Century Aluminum were worth $105,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Tyers Asset Management LLC increased its position in shares of Century Aluminum by 27.8% in the second quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,936 shares in the last quarter. Ellington Management Group LLC purchased a new position in shares of Century Aluminum in the second quarter valued at $74,000. Elkfork Partners LLC increased its position in shares of Century Aluminum by 27.8% in the second quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock valued at $85,000 after buying an additional 2,662 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Century Aluminum in the second quarter valued at $104,000. Finally, Meadow Creek Investment Management LLC increased its position in shares of Century Aluminum by 27.8% in the second quarter. Meadow Creek Investment Management LLC now owns 15,596 shares of the industrial products company’s stock valued at $108,000 after buying an additional 3,388 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Separately, BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Century Aluminum presently has an average rating of “Hold” and a consensus price target of $10.75.

In related news, COO Jesse E. Gary sold 15,244 shares of Century Aluminum stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $8.36, for a total transaction of $127,439.84. Following the completion of the sale, the chief operating officer now owns 109,077 shares in the company, valued at approximately $911,883.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.03% of the company’s stock.

Shares of CENX stock opened at $7.07 on Tuesday. Century Aluminum Co has a fifty-two week low of $5.02 and a fifty-two week high of $9.98. The stock has a market cap of $626.70 million, a P/E ratio of -50.50 and a beta of 1.97. The business has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $6.56. The company has a quick ratio of 0.72, a current ratio of 2.23 and a debt-to-equity ratio of 0.40.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.09). Century Aluminum had a negative net margin of 7.47% and a negative return on equity of 22.27%. The firm had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $459.07 million. During the same quarter in the prior year, the business earned $0.02 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Century Aluminum Co will post -1.43 earnings per share for the current year.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

See Also: Municipal Bonds

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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