Dockside LLC Buys Shares of 13,298 Century Aluminum Company $CENX

Dockside LLC bought a new position in Century Aluminum Company (NASDAQ:CENX) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 13,298 shares of the industrial products company’s stock, valued at approximately $612,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after purchasing an additional 1,094,257 shares during the last quarter. State Street Corp grew its stake in shares of Century Aluminum by 1.8% in the 4th quarter. State Street Corp now owns 4,295,711 shares of the industrial products company’s stock valued at $168,306,000 after buying an additional 77,895 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Century Aluminum by 109.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after buying an additional 957,571 shares during the last quarter. Morgan Stanley increased its holdings in shares of Century Aluminum by 12.3% during the 4th quarter. Morgan Stanley now owns 1,609,093 shares of the industrial products company’s stock worth $63,044,000 after buying an additional 176,730 shares during the last quarter. Finally, Encompass Capital Advisors LLC raised its position in shares of Century Aluminum by 210.4% during the 1st quarter. Encompass Capital Advisors LLC now owns 1,551,362 shares of the industrial products company’s stock valued at $91,049,000 after buying an additional 1,051,525 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Up 0.7%

Century Aluminum stock opened at $46.72 on Friday. The company has a market capitalization of $4.62 billion, a PE ratio of 8.07 and a beta of 1.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.61 and a current ratio of 2.75. Century Aluminum Company has a fifty-two week low of $20.91 and a fifty-two week high of $70.43. The firm has a 50 day moving average price of $48.05 and a 200 day moving average price of $53.92.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group assumed coverage on Century Aluminum in a report on Monday. They issued a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company lifted their target price on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, B. Riley Financial reduced their price objective on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Century Aluminum Company Profile

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.