BlackRock Fund Advisors has recently announced that it has increased stake in Century Aluminum Co. (NASDAQ:CENX) by 4.76%. After grabbing 9.43 million shares, the institutional investor is now in possession of 0.43 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 10.20% having worth around $74.1 million. Moreover, SSgA Funds Management, Inc. increased its share by 1.21 million to have a control over 6.28 million shares. And Mountaineer Partners Management L raised its holdings to 38525.0 shares by acquiring 2.04 million shares or 2.20% of the stake.
Century Aluminum Co. (CENX) concluded trading on December 20, 2023 at a closing price of $11.58, with 3.5 million shares of worth about $40.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.10% during that period and On Wednesday the price saw a loss of about -1.78%. Currently the company’s common shares owned by public are about 92.32M shares, out of which, 51.78M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 1,053,688 shares in 22 of the transactions. In 13 selling transactions, insiders dumped 204,236 shares.
SPDR S&P Metals & Mining ETF, iShares Core S&P Small Cap ETF, and iShares Tr. – US Infrastructure E are the top 3 mutual funds which are holding stakes in Century Aluminum Co. SPDR S&P Metals & Mining ETF is currently holding 4.47 million shares of worth totaling $35.14 million. The company recently came selling 6658.0 shares which brought its stake up to 4.84% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 1926.0 shares, after which its hold over company’s outstanding shares expand to 3.76%, leaving 3.48 million shares with the mutual fund that have a worth of about $27.33 million. iShares Tr. – US Infrastructure E, after selling 1.73 million shares, have now control over 1.87% of the stake in the company. It holds 9240.0 shares of worth $13.57 million.
Stock saw a price change of 34.97% in past 5 days and over the past one month there was a price change of 43.49%. Year-to-date (YTD), CENX shares are showing a performance of 41.56% which increased to 61.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.70 but also hit the highest price of $12.97 during that period. The average intraday trading volume for Century Aluminum Co. shares is 1.31 million. The stock is currently trading 37.76% above its 20-day simple moving average (SMA20), while that difference is up 57.20% for SMA50 and it goes to 41.30% higher than SMA200.
BlackRock Fund Advisors acquired 9.43 million shares of Century Aluminum Co. having value of about $74.1 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.43 million shares in the company valued at close to $4962805.86, or have control over 4.76% stake in the company. Century Aluminum Co. (NASDAQ: CENX) currently have 92.32M outstanding shares and institutions hold larger chunk of about 59.25% of that. Holding of mutual funds in the company is about 37.22% while other institutional holders and individual stake holders have control over 75.99% and 22.12% of the stake respectively.
The stock has a current market capitalization of $1.07B and its 3Y-monthly beta is at 2.71. It has posted earnings per share of -$2.04 in the same period. It has Quick Ratio of 0.34 while making debt-to-equity ratio of 1.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CENX, volatility over the week remained 8.59% while standing at 6.11% over the month.
Analysts are in expectations that Century Aluminum Co. (CENX) stock would likely to be making an EPS of -$0.23 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.28 which is -$0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -288.94% while it is estimated to increase by 83.07% in next year.
