Cornercap Investment Counsel Inc. Makes New $300,000 Investment in Century Aluminum (NASDAQ:CENX)

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

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd increased its stake in Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,787 shares during the last quarter. Quest Partners LLC increased its stake in Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 6,924 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Century Aluminum during the 1st quarter valued at approximately $163,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Price Performance

CENX opened at $22.62 on Monday. The business has a fifty day moving average of $16.97 and a 200 day moving average of $16.45. Century Aluminum has a 52-week low of $7.28 and a 52-week high of $24.21. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.10 billion, a P/E ratio of 7.57 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. The company had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. During the same quarter in the previous year, the business earned ($0.13) EPS. As a group, sell-side analysts anticipate that Century Aluminum will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CENX. BMO Capital Markets boosted their target price 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 boosted their target price 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.

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.