Century Aluminum (NASDAQ:CENX) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Century Aluminum (NASDAQ:CENX) by 26.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,950 shares of the industrial products company’s stock after purchasing an additional 33,621 shares during the quarter. BNP Paribas Financial Markets owned 0.17% of Century Aluminum worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new position in Century Aluminum in the fourth quarter worth $68,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Century Aluminum by 35.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 2,405 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Century Aluminum by 34.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 2,899 shares during the period. International Assets Investment Management LLC purchased a new stake in Century Aluminum during the fourth quarter worth about $1,470,000. Finally, Everence Capital Management Inc. acquired a new position in Century Aluminum during the fourth quarter worth about $165,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Price Performance

CENX stock opened at $17.95 on Friday. The stock’s 50 day moving average price is $16.54 and its 200 day moving average price is $12.30. The firm has a market cap of $1.66 billion, a P/E ratio of 8.23 and a beta of 2.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.67. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $19.88.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.20). Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. The company had revenue of $489.50 million for the quarter, compared to analyst estimates of $520.30 million. On average, sell-side analysts expect that Century Aluminum will post 3.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CENX. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. BMO Capital Markets upped their target price on Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd.

About Century Aluminum

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.