18,482 Shares in Century Aluminum (NASDAQ:CENX) Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. acquired a new position in Century Aluminum (NASDAQ:CENX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 18,482 shares of the industrial products company’s stock, valued at approximately $300,000.

Other large investors also recently bought and sold shares of the company. Covestor Ltd boosted its position in Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,787 shares during the last quarter. Quest Partners LLC boosted its position in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,385 shares during the last quarter. GAMMA Investing LLC boosted its position in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,233 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Century Aluminum by 7,779.8% in the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 6,924 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in Century Aluminum in the first quarter worth about $163,000. 61.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CENX shares. BMO Capital Markets lifted their price objective on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. B. Riley lifted their price objective on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

Century Aluminum Stock Up 7.1 %

Shares of CENX opened at $22.62 on Monday. The business’s 50 day moving average is $16.97 and its 200 day moving average is $16.45. The company has a market capitalization of $2.10 billion, a PE ratio of 7.57 and a beta of 2.47. Century Aluminum has a 12-month low of $7.28 and a 12-month high of $24.21. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same quarter last year, the company earned ($0.13) EPS. Research analysts expect that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

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.