Sharekhan’s research report on IndusInd Bank
IndusInd Bank reported mixed set of results with improving trend on the liability side (healthy deposit mobilization, reducing cost of funds etc) while the stress on the asset side persists with sharp spike in slippages at 5.4% of loan book and gross NPA rose by 21 bps qoq to 2.9% during Q1. Bulk of the elevated slippages are related to retail/SME loan book on account of the second wave of pandemic. Management indicated that the worst in NPA addition is behind, and normalization should begin in H2 of this year. Bank has healthy provision cover of 72% with covid provision buffer at 1% of loans to address any further stress on asset side. The capital adequacy at 17.6% (Tier-I capital at 16.9%) is comfortable and the bank aspires for 16-18% growth in advances over the medium term.
Outlook
We retain our Buy rating on the stock with unchanged price target of Rs. 1340, valuing the bank at 1.97x FY23 book value.
Top 10 Value Stocks To Buy For 2023: Capitala Finance Corp.(CPTA)
Capitala Finance Corp., incorporated on February 21, 2013, is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. The Company provides capital to lower and traditional middle-market companies in the United States, with a non-exclusive emphasis on the Southeast, Southwest and Mid-Atlantic regions.
The Company invests in mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to a lesser extent, equity securities issued by lower middle-market and middle-market companies. The Company invests in various sectors, which include oil and gas services, consumer electronics, transportation, financial services, business services, medical device distributor, footwear retail, building products, printing services, farming, bakery supplies distributor, industrial equipment rental, automobile part manufacturer, energy services, healthcare, education services, restaurant chain, replacement window manufacturer, specialty defense contractor and industrial manufacturing. The Company is managed by Capitala Investment Advisors, LLC.
Advisors’ Opinion:
- [By Logan Wallace]
Capitala Finance Corp (NASDAQ:CPTA) – Equities researchers at Jefferies Financial Group dropped their Q1 2019 earnings per share estimates for Capitala Finance in a research report issued to clients and investors on Tuesday, March 5th. Jefferies Financial Group analyst K. Joseph now forecasts that the investment management company will earn $0.23 per share for the quarter, down from their prior estimate of $0.25. Jefferies Financial Group also issued estimates for Capitala Finance’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.95 EPS, Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.25 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.25 EPS and FY2020 earnings at $1.00 EPS.
Top 10 Value Stocks To Buy For 2023: Masimo Corporation(MASI)
Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive monitoring technologies worldwide. The company offers Masimo Signal Extraction Technology (SET) pulse oximetry with measure-through-motion and low-perfusion pulse oximetry monitoring to address the primary limitations of conventional pulse oximetry. It also provides Masimo rainbow SET platform that includes rainbow SET Pulse CO-Oximetry products that noninvasively monitor hemoglobin species, including oxygen saturation, pulse rate, perfusion index, pleth variability index, and respiration rate from the pleth; noninvasively monitor hemoglobin concentration, and carboxyhemoglobin and methemoglobin saturation; monitor arterial oxygen saturation and acoustic respiration rate; and calculates oxygen content and oxygen reserve index. In addition, the company offers SedLine brain function monitoring technology to measure the brains electrical activity by detecting EEG signals; capnography and gas monitoring products comprising external plug-in-and-measure capnography and gas analyzers, integrated modules, and handheld capnograph and capnometer devices; and O3 regional oximetry for tissue oxygen saturation measurement. Further, it provides Patient SafetyNet, a surveillance, remote monitoring, and clinician notification solution; MyView, a wireless presence-detection system; and connectivity devices. The company provides its products directly, as well as through distributors and original equipment manufacturers partners to hospitals, emergency medical service providers, physician offices, veterinarians, long term care facilities, and consumers. Masimo Corporation was founded in 1989 and is headquartered in Irvine, California.
Advisors’ Opinion:
- [By Max Byerly]
Whittier Trust Co. of Nevada Inc. raised its stake in shares of Snap-on Incorporated (NYSE:SNA) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,859 shares of the company’s stock after purchasing an additional 73 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Snap-on were worth $270,000 as of its most recent filing with the SEC.
- [By Lee Samaha]
Shares in tool and equipment manufacturer Snap-on (NYSE:SNA) rose 14.2% in January, according to data provided by S&P Global Market Intelligence. However, it would be remiss not to point out that the stock slumped after a disappointing set of fourth-quarter earnings released in the first week of February.
- [By Motley Fool Transcribers]
Snap-On Inc (NYSE:SNA)Q4 2018 Earnings Conference CallFeb. 07, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:
Operator
- [By Joseph Griffin]
Bank of America Corp DE cut its holdings in Snap-on Incorporated (NYSE:SNA) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 556,198 shares of the company’s stock after selling 1,909 shares during the quarter. Bank of America Corp DE owned about 0.99% of Snap-on worth $89,392,000 as of its most recent SEC filing.
Top 10 Value Stocks To Buy For 2023: MicroStrategy Incorporated(MSTR)
MicroStrategy Incorporated provides enterprise software platforms for business intelligence (BI), and mobile and social intelligence applications worldwide. The company offers MicroStrategy 9, an integrated BI platform that enables businesses to make business decisions. The MicroStrategy 9 platform?s product components comprise Intelligence Server, a foundation for the BI platform; Report Services, a reporting engine delivering production and operational reports, managed metrics reports, and interactive dashboards; OLAP Services that allows Web and desktop users to manipulate Intelligent Cubes databases; Web, a Web interface providing query, reporting, and analysis; Distribution Services that offers automated report and dashboard distribution; Office, which enables Microsoft Office users to create, run, edit, and format MicroStrategy report; and Desktop that provide users access to data through analytical applications. The MicroStrategy 9 platform?s product components al so include Architect, whose data sources are modeled through an intuitive graphical user interface; SDK to integrate MicroStrategy 9 features and functionality into any application on multiple platforms; Integrity Manager to compare and verify reports? consistency; Command Manager that automates MicroStrategy administrative tasks; Enterprise Manager to provide prebuilt reports and dashboards; Object Manager that allows administrators to manage disparate and distributed environments; MultiSource Option allowing users to report, analyze, and monitor data; Transaction Services that provides write-back capabilities; and Clustering Option, a plug-and-play add-on to Intelligence Server. The company also offers technical support, consulting, education, and cloud-based solutions. It serves retail, communications, financial services, insurance, healthcare, manufacturing, technology, consumer goods, and public services industries. The company was founded in 1989 and is headquartered in Tysons Corner, Virginia.
Advisors’ Opinion:
- [By ]
The software company MicroStrategy Inc. (NASDAQ: MSTR) holds a major stake of the BLOK portfolio at 5.55%. It recently purchased another 5,050 bitcoins for about $242.9 million. That raises the value of its 114,042-bitcoin holdings to nearly $5.3 billion. According to Bloomberg, that’s higher than what 80% of non-financial S&P 500 companies hold in cash.
- [By ]
MicroStrategy (MSTR) – Get MicroStrategy Incorporated Class A Report shares dropped Tuesday, after the data analytics company reported that it bought Bitcoin in recent months, while selling its own stock.
- [By Jon Quast (tmfjaguar)]
Shares of MicroStrategy (NASDAQ:MSTR), a technology company that’s betting big on popular cryptocurrency Bitcoin (CRYPTO:BTC), tumbled this week. MicroStrategy stock was sitting at $640 per share as of Thursday’s close — roughly 10% lower than where it started the week. And the reason is quite simple: Bitcoin itself is down almost that much during this time.
Top 10 Value Stocks To Buy For 2023: Prudential Financial Inc.(PRU)
Prudential Financial, Inc., through its subsidiaries, offers various financial products and services in the United States, Asia, Europe, and Latin America. The company operates through three divisions: The U.S. Retirement Solutions and Investment Management, The U.S. Individual Life and Group Insurance, and The International Insurance and Investments. The U.S. Retirement Solutions and Investment Management division provides individual variable and fixed annuity products, as well as offers retirement investment and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors. This division also provides investment management and advisory services to the public and private marketplace. The U.S. Individual Life and Group Insurance division offers individual variable life, term life, and universal life insurance products; and group life, long-term and short-term group disability, long-term care, and group corporate-, bank-and trus t-owned life insurance products to institutional clients. This division also sells accidental death and dismemberment, and other ancillary coverages, as well as provides plan administrative services; and offers preferred provider and indemnity dental coverage plans to clients. The International Insurance and Investments division provides international individual life insurance products in Japan, Korea, and other foreign countries; and offers proprietary and non-proprietary asset management, investment advice, and services to retail and institutional clients internationally. In addition, the company engages in real estate brokerage franchise business, which involves marketing its franchises to the real estate companies. Further, it provides institutional clients and government agencies with various services in connection with the relocation of their employees. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.
Advisors’ Opinion:
- [By Louis Navellier and the InvestorPlace Research Staff]
The current Dividend Grader rating for LYB stock is A.
Best Dividend Stocks: Prudential (PRU)
Source: JHVEPhoto / Shutterstock.com
- [By Josh Enomoto]
As well, the company posted a 11% sales increase in the fiscal second quarter of 2021 relative to the year-ago level. That it was also a bump up sequentially from fiscal Q1 results was a nice bonus. Moving forward, whether the coronavirus variants wreak havoc on society or if things normalize, Walgreens enjoys a critical essential business. Thus, it’s one of the dividend stocks to consider.
Prudential Financial (PRU)
- [By Shane Hupp]
COPYRIGHT VIOLATION NOTICE: “Bank of Nova Scotia Buys 33,446 Shares of Prudential Financial Inc (PRU)” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at www.tickerreport.com/banking-finance/4192921/bank-of-nova-scotia-buys-33446-shares-of-prudential-financial-inc-pru.html.
- [By Motley Fool Transcribers]
Prudential Financial Inc (NYSE:PRU)Q4 2018 Earnings Conference CallFeb. 07, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Value Stocks To Buy For 2023: HUYA Inc.(HUYA)
HUYA Inc., through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres. In addition, it operates Nimo TV, a game live streaming platform primarily in Southeast Asia, the Middle East, and Latin America. Further, the company provides online advertising, software development, internet value added, and cultural and creative services. As of December 31, 2020, its live streaming content covered approximately 4,000 games. The company was founded in 2014 and is headquartered in Guangzhou, the People's Republic of China. HUYA Inc. is a subsidiary of Tencent Holdings Limited.
Advisors’ Opinion:
- [By ]
HUYA (NYSE:HUYA) and CEVA (NASDAQ:CEVA) are both computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, earnings, profitability, dividends, analyst recommendations, risk and institutional ownership.
- [By Keith Noonan]
Shares of Huya (NYSE:HUYA) stock gained 23.2% in February, according to data from S&P Global Market Intelligence. The video game streaming company continued to recover from the big sell-offs it saw at the end of 2018 as investors become less bearish on China’s technology sector.
- [By Rick Munarriz]
Two of China’s streaming video speedsters are rolling in 2019. Shares of iQiyi (NASDAQ:IQ) have soared 71% this year, as investors gobble up China’s leading streaming video service. HUYA (NYSE:HUYA) is no slouch. The company behind the fast-growing hub for video game streams and clips — the Twitch of China, in a nutshell — has seen its stock move 56% higher this young year.
- [By Timothy Green]
Shares of Huya Inc. (NYSE:HUYA) slumped on Wednesday despite a fourth-quarter report that came in ahead of analyst expectations. The Chinese live-streaming game company posted robust revenue and earnings growth, but that wasn’t enough to keep the stock afloat. Shares were down about 10.6% at 3:30 p.m. EST.
Top 10 Value Stocks To Buy For 2023: Baytex Energy Corp(BTE)
Baytex Energy Corp. (Baytex), incorporated on October 22, 2010, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into three business units: Lloydminster, Central and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Company’s subsidiaries include Baytex Energy Ltd. and Baytex Energy USA, Inc. Baytex Energy Ltd. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada. Baytex Energy USA, Inc. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States. It holds all of the operating assets in the United States.
Lloydminster Business Unit
The Lloydminster Business Unit’s heavy oil operations include primary and thermal production. Production is generated from vertical, directional/slant and horizontal wells using progressive cavity pumps capable of handling large volumes of heavy oil combined with gas, water and sand. The oil is delivered to markets in Canada and the United States through pipelines, tanker trucks or railways. Its production in the Lloydminster Business Unit averaged approximately 14,400 barrels of oil equivalent per day (boe/d), which consists of over 12,250 barrels per day (bbl/d) of heavy oil; approximately 1,850 bbl/d of bitumen, and over 1,720 thousand cubic feet per day (Mcf/d) of natural gas. Baytex has drilled approximately 30 (over 18.4 net) wells in the Lloydminster Business Unit resulting in approximately 30 (over 17.4 net) oil wells and a stratigraphic and service well. Its net undeveloped lands in the Lloydminster Business Unit totaled approximately 230,350 acres.
The properties within the Lloydminster Business Unit include Cold Lake/Ardmore, Alberta; Carruthers, Saskatchewan; Celtic, Saskatchewan; Kerrobert/Hoosier, Saskatchewan, and Tangleflags, Saskatchewan. Baytex has working interest in approximately 50 sections of undeveloped oil sands leases in the Angling Lake (Cold Lake) area of northern Alberta. Average production from the primary is approximately 960 bbl/d of heavy oil and over 440 Mcf/d of natural gas (approximately 1,030 boe/d). Baytex has over 26,240 net undeveloped acres in this area. The Carruthers property consists of separate North and South oil pools in the Cummings formation. The Company has drilled approximately four horizontal wells (including over three multi-laterals) and a service well. Average production is approximately 2,710 bbl/d of heavy oil and over 170 Mcf/d of natural gas (approximately 2,735 boe/d). Baytex has over 9,800 net undeveloped acres in this area. Baytex has drilled approximately two oil wells in this Celtic, Saskatchewan. Average production is approximately 1,890 bbl/d of heavy oil. Baytex has over 7,660 net undeveloped acres in this area.
The production from the cold primary and thermal assets averaged approximately 1,040 bbl/d of heavy oil; over 1,680 bbl/d of bitumen, approximately 10 bbl/d of light oil and natural gas liquids (NGL), and over 30 Mcf/d of natural gas (2,748 boe/d). Baytex has approximately 19,210 net undeveloped acres in this area. Baytex has drilled over nine horizontal oil wells. Average production is approximately 2,620 bbl/d of heavy oil and over 634 Mcf/d of natural gas (approximately 2,730 boe/d). Baytex has over 6,300 net undeveloped acres in this area.
Central Business Unit
The Central Business Unit produces light and heavy gravity crude oil, bitumen, natural gas and natural gas liquids from various fields, primarily in northern, southeast and central Alberta. The production from this business unit averaged approximately 30,290 boe/d, which consists of over 20,350 bbl/d of heavy oil; approximately 520 bbl/d of bitumen; over 2,880 bbl/d of light oil and NGL, and approximately 39,190 Mcf/d of natural gas. Baytex has drilled approximately 10 wells in the Central Business Unit resulting in over six oil wells, approximately two natural gas wells and over five stratigraphic/service wells. Its net undeveloped lands in this business unit totaled approximately 425,340 acres. The properties within the Central Business Unit include Peace River, Alberta and Pembina, Alberta.
Baytex holds approximately 340 net sections of oil sands leases in the Peace River area, which includes the legacy Seal area and the Reno area. The production from the Peace River area averaged over 20,350 bbl/d of heavy oil; approximately 520 bbl/d of bitumen, and over 5,760 Mcf/d of natural gas (approximately 21,830 boe/d). Baytex has drilled over six cold horizontal production wells and approximately five stratigraphic test wells in the Peace River area. Baytex has over 180,200 net undeveloped acres of oil sands leases in this area.
The Pembina property’s production is from the Cretaceous and Jurassic age formations, including the Cardium, Notikewin, Falher, Ellerslie, Glauconite, Rock Creek and Nordegg. The majority of Baytex’s oil production in this area is treated at a Baytex-operated oil battery with the remaining production treated at third-party operated oil batteries. Natural gas production is delivered to a combination of over four mid-stream gas processing facilities and approximately three producer-operated gas processing facilities. Baytex owns a working interest in a of the midstream-operated gas processing facilities. Production from this area is averaged over 1,360 bbl/d of light oil and NGL, and approximately 24,680 Mcf/d of natural gas (over 5,480 boe/d). Baytex participates in the drilling of approximately two wells in this area, resulting in over two natural gas wells. Baytex has approximately 35,450 net undeveloped acres in this area.
United States Business Unit
Baytex has an interest in approximately 80,200 (over 22,200 net) acres in the Sugarkane area located in South Texas in the core of the liquids-rich Eagle Ford shale through its Aurora. The assets include both operated and non-operated assets. The non-operated assets include working interests in approximately 80,100 (over 20,200 net) acres within the Eagle Ford, comprising over four areas of mutual interest (Sugarloaf, Longhorn, Ipanema and Excelsior), together with interests in wells, field infrastructure and related assets. The operated assets include working interest in approximately 2,800 acres consists of over two separate blocks (Heard Ranch and Axle Tree Ranch) located in the Eagle Ford shale trend. Additional leasehold held in East Texas (approximately 10,020 gross/9,751 net acres) and New Mexico (over 13,810 gross/net acres). The production from the United States Business Unit averaged approximately 31,480 bbl/d of tight oil and NGL and over 50,850 Mcf/d of shale gas (approximately 39,960 boe/d). Baytex has participated in the drilling of over 190 (approximately 50.2 net) wells in the Sugarkane area, resulting in over 70 (16.7 net) oil wells; approximately 120 (over 32.6 net) natural gas wells, a stratigraphic and service well and over two dry and abandoned wells.
Advisors’ Opinion:
- [By Matthew DiLallo]
Shares of Baytex Energy Corp. (NYSE:BTE) took off on Monday, rallying more than 10% by 3:30 p.m. EDT. Fueling the Canadian oil producer’s rally was a big uptick in crude prices.
- [By Joseph Griffin]
BitSerial (CURRENCY:BTE) traded 16.5% lower against the U.S. dollar during the twenty-four hour period ending at 18:00 PM Eastern on September 7th. One BitSerial token can currently be bought for $0.0030 or 0.00000046 BTC on popular cryptocurrency exchanges. BitSerial has a total market cap of $0.00 and $73.00 worth of BitSerial was traded on exchanges in the last day. Over the last seven days, BitSerial has traded 8.3% lower against the U.S. dollar.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Baytex Energy (BTE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Value Stocks To Buy For 2023: Trevena, Inc.(TRVN)
Trevena, Inc. is a clinical stage biopharmaceutical company that discovers, develops and intends to commercialize therapeutics that use a novel approach to target G protein coupled receptors, or GPCRs. Unless the context otherwise requires, we use the terms “Trevena,” “company,” “we,” “us” and “our” to refer to Trevena, Inc.
Using our proprietary product platform, we have identified and are developing the following three differentiated product candidates:
º * º Oliceridine (TRV130): We are developing oliceridine as a first-line treatment for patients experiencing moderate to severe acute pain where IV administration is preferred. Advisors’ Opinion:
- [By Money Morning News Team]
The third-highest penny stock performer was also in healthcare. It was Trevena Inc. (NASDAQ: TRVN), which rose nearly 87% to stand at $1.01. The fourth penny stock to watch this week is another healthcare stock, Celldex Therapeutics (NASDAQ: CLDX), which climbed nearly 67% to close at $0.58.
- [By Money Morning Staff Reports]
Before we get to our latest pick, here are last week’s top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week’s Gain
Melinta Therapeutics Inc. (NASDAQ: MLNT) Healthcare $1.74 104.01%
Pernix Therapeutics Holdings Inc. (NASDAQ: PTX) Healthcare $0.83 84.40%
Top Image Systems Ltd. (NASDAQ: TISA) Healthcare $0.82 59.85%
Jason Industries Inc. (NASDAQ: JASN) Healthcare $2.21 58.99%
Maxwell Technologies Inc. (NASDAQ: MXWL) Financial $4.66 51.79%
Marathon Patent Group Inc. (NASDAQ: MARA) Healthcare $0.52 51.47%
Forward Pharma A/S (NASDAQ: FWP) Basic Materials $1.53 43.57%
Dixie Group Inc. (NASDAQ: DXYN) Healthcare $1.40 42.86%
Trevena Inc. (NASDAQ: TRVN) Services $1.41 39.60%
Alliance MMA Inc. (NASDAQ: AMMA) Healthcare $4.95 36.18%
Don’t Miss Out: The Treasury is sitting on an $11.1 billion cash pile, and a loophole entitles Americans to a sizable portion. Some are collecting $1,795, $3,000, or $5,000 every month thanks to this powerful investment…
Top 10 Value Stocks To Buy For 2023: Terrapin 3 Acquisition Corporation(TRTL)
Terrapin 3 Acquisition Corporation, incorporated on December 27, 2013, is a shell company. The Company is focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The Company is not engaged in any operations. The Company has not generated any revenues.
Advisors’ Opinion:
- [By Logan Wallace]
TurtleCoin (CURRENCY:TRTL) traded 8% lower against the U.S. dollar during the one day period ending at 16:00 PM E.T. on February 6th. One TurtleCoin coin can now be bought for $0.0001 or 0.00000003 BTC on cryptocurrency exchanges including Trade Satoshi and TradeOgre. TurtleCoin has a total market cap of $3.57 million and $144,484.00 worth of TurtleCoin was traded on exchanges in the last day. Over the last week, TurtleCoin has traded down 19.7% against the U.S. dollar.
- [By Max Byerly]
Turtlecoin (CURRENCY:TRTL) traded up 6.5% against the dollar during the 24 hour period ending at 23:00 PM E.T. on August 14th. Turtlecoin has a market cap of $671,714.00 and $3,950.00 worth of Turtlecoin was traded on exchanges in the last day. During the last seven days, Turtlecoin has traded down 18.3% against the dollar. One Turtlecoin coin can now be bought for about $0.0000 or 0.00000001 BTC on exchanges including Trade Satoshi and TradeOgre.
Top 10 Value Stocks To Buy For 2023: Century Aluminum Company(CENX)
Century Aluminum Company, through its subsidiaries, produces primary aluminum in the United States, China, and Iceland. The company offers high purity primary aluminum, molten aluminum, standard-grade ingots, extrusion billets, and other value-added primary aluminum products. It also holds a 40% joint venture interest in a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China. The company was founded in 1981 and is headquartered in Monterey, California.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
Century Aluminum Company (NASDAQ:CENX)Q4 2018 Earnings Conference CallFeb. 21, 2019, 5:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Logan Wallace]
Millennium Management LLC lessened its position in shares of Century Aluminum Co (NASDAQ:CENX) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,301 shares of the industrial products company’s stock after selling 61,428 shares during the period. Millennium Management LLC owned about 0.42% of Century Aluminum worth $5,801,000 at the end of the most recent reporting period.
