Century Aluminum Co (CENX) Short Interest Update
Century Aluminum Co (NASDAQ:CENX) was the target of a large growth in short interest during the month of September. As of September 28th, there was short interest totalling 6,199,717 shares, a growth of 45.3% from the September 14th total of 4,265,748 shares. Approximately 12.6% of the company’s shares are short sold. Based on an average trading volume of 3,276,273 shares, the days-to-cover ratio is currently 1.9 days.
CENX has been the subject of a number of recent research reports. B. Riley cut their target price on Century Aluminum from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. ValuEngine downgraded Century Aluminum from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 19th. BidaskClub downgraded Century Aluminum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 9th. Berenberg Bank initiated coverage on Century Aluminum in a research note on Friday, September 21st. They issued a “sell” rating and a $10.00 target price for the company. Finally, Deutsche Bank raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.14.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. United Services Automobile Association purchased a new position in shares of Century Aluminum during the 2nd quarter worth $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Century Aluminum during the 2nd quarter worth $166,000. Engineers Gate Manager LP purchased a new position in shares of Century Aluminum during the 2nd quarter worth $197,000. CIBC World Markets Inc. purchased a new position in shares of Century Aluminum during the 1st quarter worth $200,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Century Aluminum by 497.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 10,450 shares during the period. Institutional investors and hedge funds own 56.00% of the company’s stock.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $458.03 million. Century Aluminum had a return on equity of 8.11% and a net margin of 4.22%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. As a group, equities analysts expect that Century Aluminum will post 0.91 earnings per share for the current year.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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