14,900 Shares in Century Aluminum (NASDAQ:CENX) Acquired by Arete Wealth Advisors LLC

Posted by Defense World Staff on Jul 25th, 2023

Arete Wealth Advisors LLC purchased a new position in shares of Century Aluminum (NASDAQ:CENX – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,900 shares of the industrial products company’s stock, valued at approximately $149,000,000,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its position in Century Aluminum by 87.9% during the 2nd quarter. State Street Corp now owns 10,536,517 shares of the industrial products company’s stock worth $77,654,000 after acquiring an additional 4,927,814 shares during the last quarter. BlackRock Inc. lifted its holdings in Century Aluminum by 3.4% in the 3rd quarter. BlackRock Inc. now owns 9,476,848 shares of the industrial products company’s stock worth $50,038,000 after buying an additional 313,925 shares during the period. Vanguard Group Inc. lifted its holdings in Century Aluminum by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,433,179 shares of the industrial products company’s stock worth $33,967,000 after buying an additional 446,228 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Century Aluminum by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,178,788 shares of the industrial products company’s stock worth $26,004,000 after buying an additional 34,068 shares during the period. Finally, Millennium Management LLC lifted its holdings in Century Aluminum by 471.7% in the 2nd quarter. Millennium Management LLC now owns 1,341,811 shares of the industrial products company’s stock worth $9,889,000 after buying an additional 1,107,112 shares during the period. 55.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CENX has been the subject of several research analyst reports. Wolfe Research cut Century Aluminum from a “peer perform” rating to an “underperform” rating and set a $6.00 price objective for the company. in a report on Tuesday, July 11th. StockNews.com upgraded Century Aluminum to a “sell” rating in a report on Thursday, July 13th.

Insider Buying and Selling at Century Aluminum

In related news, SVP Matt Aboud acquired 18,000 shares of the stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $7.25 per share, for a total transaction of $130,500.00. Following the completion of the purchase, the senior vice president now owns 46,678 shares of the company’s stock, valued at $338,415.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Century Aluminum Trading Up 1.0 %

CENX opened at $8.91 on Tuesday. The stock has a market cap of $822.61 million, a PE ratio of -10.24 and a beta of 2.65. The company has a quick ratio of 0.46, a current ratio of 1.64 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average of $8.70 and a 200-day moving average of $9.47. Century Aluminum has a 52 week low of $5.27 and a 52 week high of $12.97.

Century Aluminum (NASDAQ:CENX – Get Free Report) last released its earnings results on Monday, May 8th. The industrial products company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $552.40 million during the quarter, compared to analysts’ expectations of $525.91 million. Century Aluminum had a negative return on equity of 10.56% and a negative net margin of 2.93%. Equities research analysts predict that Century Aluminum will post 0.46 earnings per share for the current fiscal year.

Century Aluminum Profile

(Free Report)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.