Crossmark Global Holdings Inc. Buys Shares of 24,575 Century Aluminum Company (CENX)

Crossmark Global Holdings Inc. bought a new stake in shares of Century Aluminum Company (NASDAQ:CENX) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,575 shares of the industrial products company’s stock, valued at approximately $407,000.

A number of other large investors also recently made changes to their positions in CENX. Balyasny Asset Management LLC grew its holdings in Century Aluminum by 742.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock valued at $47,173,000 after buying an additional 2,668,550 shares during the last quarter. Impala Asset Management LLC grew its holdings in Century Aluminum by 63.2% during the 2nd quarter. Impala Asset Management LLC now owns 2,797,458 shares of the industrial products company’s stock valued at $43,584,000 after buying an additional 1,083,314 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Century Aluminum by 35.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,179,380 shares of the industrial products company’s stock valued at $33,955,000 after buying an additional 569,285 shares during the last quarter. Teachers Advisors LLC grew its holdings in Century Aluminum by 448.1% during the 2nd quarter. Teachers Advisors LLC now owns 667,670 shares of the industrial products company’s stock valued at $10,402,000 after buying an additional 545,844 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Century Aluminum by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock valued at $28,170,000 after buying an additional 245,892 shares during the last quarter. Hedge funds and other institutional investors own 68.44% of the company’s stock.

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Century Aluminum Company (CENX) opened at $13.64 on Thursday. Century Aluminum Company has a 52 week low of $8.39 and a 52 week high of $20.68. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. analysts anticipate that Century Aluminum Company will post 0.39 earnings per share for the current year.

A number of research analysts have weighed in on CENX shares. Zacks Investment Research lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets set a $16.00 price target on Century Aluminum and gave the stock a “hold” rating in a research note on Friday, October 27th. J P Morgan Chase & Co lowered Century Aluminum from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $14.50 in a research note on Monday, October 30th. Finally, Deutsche Bank AG raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.10.

Century Aluminum Company Profile

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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