OMERS ADMINISTRATION Corp Buys New Stake in Century Aluminum Company $CENX

OMERS ADMINISTRATION Corp purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 35,000 shares of the industrial products company’s stock, valued at approximately $1,610,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of Century Aluminum by 22.1% in the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock worth $724,000 after acquiring an additional 7,051 shares during the period. Jones Financial Companies Lllp purchased a new position in Century Aluminum in the 1st quarter valued at approximately $25,000. Empowered Funds LLC increased its stake in Century Aluminum by 1.8% in the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after purchasing an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Century Aluminum by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock worth $2,301,000 after purchasing an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Century Aluminum by 7.1% in the second quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock valued at $2,650,000 after purchasing an additional 9,721 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Wells Fargo & Company increased their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research cut shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Century Aluminum presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Century Aluminum Stock Performance

NASDAQ CENX opened at $43.95 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. Century Aluminum Company has a fifty-two week low of $20.91 and a fifty-two week high of $70.43. The business has a fifty day moving average of $45.80 and a 200-day moving average of $53.79. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 7.59 and a beta of 1.96.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.13. The business had revenue of $752.10 million for the quarter, compared to analyst estimates of $817.15 million. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.The company’s revenue was up 59.0% on a year-over-year basis. As a group, analysts predict that Century Aluminum Company will post 8.34 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.