Dimensional Fund Advisors LP lowered its position in shares of Century Aluminum Co. (NASDAQ:CENX) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,391,998 shares of the company’s stock after selling 9,165 shares during the period. Dimensional Fund Advisors LP owned approximately 8.49% of Century Aluminum worth $46,790,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC increased its position in Century Aluminum by 111.4% in the first quarter. Aperio Group LLC now owns 44,542 shares of the company’s stock worth $314,000 after buying an additional 23,474 shares during the period. Pacad Investment Ltd. purchased a new position in Century Aluminum during the first quarter worth $170,000. Teachers Advisors Inc. increased its position in Century Aluminum by 874.9% in the first quarter. Teachers Advisors Inc. now owns 1,178,312 shares of the company’s stock worth $8,307,000 after buying an additional 1,057,444 shares during the period. Franklin Resources Inc. increased its position in Century Aluminum by 53.3% in the first quarter. Franklin Resources Inc. now owns 843,000 shares of the company’s stock worth $5,943,000 after buying an additional 293,000 shares during the period. Finally, BlackRock Fund Advisors increased its position in Century Aluminum by 0.8% in the first quarter. BlackRock Fund Advisors now owns 3,102,901 shares of the company’s stock worth $21,875,000 after buying an additional 24,248 shares during the period. 57.15% of the stock is owned by institutional investors and hedge funds.
Shares of Century Aluminum Co. (NASDAQ:CENX) opened at 7.43 on Wednesday. The company has a 50 day moving average price of $6.55 and a 200 day moving average price of $6.95. The stock’s market cap is $646.97 million. Century Aluminum Co. has a 1-year low of $2.63 and a 1-year high of $9.40.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $326.75 million for the quarter, compared to analyst estimates of $338.22 million. Century Aluminum had a negative net margin of 8.41% and a negative return on equity of 11.96%. The business’s quarterly revenue was down 37.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities analysts anticipate that Century Aluminum Co. will post ($0.32) EPS for the current year.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Century Aluminum from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.85.
Century Aluminum Company Profile