Congress Asset Management Co. Has $3.32 Million Stock Position in Century Aluminum (NASDAQ:CENX)

Congress Asset Management Co. boosted its holdings in shares of Century Aluminum (NASDAQ:CENX) by 1.3% in the third quarter, HoldingsChannel reports. The fund owned 204,302 shares of the industrial products company’s stock after buying an additional 2,700 shares during the quarter. Congress Asset Management Co.’s holdings in Century Aluminum were worth $3,316,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Century Aluminum by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock worth $89,567,000 after buying an additional 39,900 shares in the last quarter. Encompass Capital Advisors LLC raised its holdings in Century Aluminum by 1,208.7% during the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after buying an additional 1,294,538 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Century Aluminum by 30.4% in the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock worth $19,870,000 after buying an additional 276,304 shares during the last quarter. Castle Hook Partners LP boosted its stake in shares of Century Aluminum by 1,147.0% during the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock worth $15,034,000 after acquiring an additional 898,554 shares in the last quarter. Finally, Impala Asset Management LLC increased its holdings in shares of Century Aluminum by 20.6% during the 2nd quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock valued at $14,238,000 after acquiring an additional 145,000 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CENX has been the subject of several analyst reports. B. Riley reduced their target price on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 9th. BMO Capital Markets reduced their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday.

Century Aluminum Price Performance

NASDAQ CENX opened at $17.22 on Friday. The stock has a 50-day simple moving average of $15.51 and a 200 day simple moving average of $16.20. Century Aluminum has a twelve month low of $6.25 and a twelve month high of $21.37. The stock has a market capitalization of $1.60 billion, a PE ratio of 8.28 and a beta of 2.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The business had revenue of $560.80 million for the quarter, compared to analyst estimates of $530.90 million. Research analysts anticipate that Century Aluminum will post 0.07 EPS for the current year.

Century Aluminum Profile

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.