Century Aluminum (NASDAQ:CENX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 390,227 shares of the industrial products company's stock after selling 231,073 shares during the period. Assenagon Asset Management S.A. owned 0.42% of Century Aluminum worth $7,110,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. MQS Management LLC raised its stake in Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock valued at $198,000 after buying an additional 883 shares during the last quarter. GAMMA Investing LLC increased its stake in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after buying an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Century Aluminum by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company's stock worth $467,000 after purchasing an additional 1,335 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Century Aluminum by 7.9% during the third quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company's stock valued at $524,000 after buying an additional 2,198 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in Century Aluminum by 1.3% in the 3rd quarter. Congress Asset Management Co. now owns 204,302 shares of the industrial products company's stock worth $3,316,000 after purchasing an additional 2,700 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Century Aluminum Trading Up 0.1 %

NASDAQ CENX traded up $0.03 on Monday, reaching $20.73. 879,130 shares of the company were exchanged, compared to its average volume of 895,970. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a fifty-two week low of $9.65 and a fifty-two week high of $25.39. The business's fifty day moving average price is $20.78 and its 200 day moving average price is $17.60. The stock has a market capitalization of $1.92 billion, a P/E ratio of 6.93 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The business had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. Analysts forecast that Century Aluminum will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now owns 50,753 shares of the company's stock, valued at $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CENX. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price objective for the company in a research note on Tuesday, December 3rd. BMO Capital Markets raised their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. B. Riley increased 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 upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th.

Century Aluminum Profile

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.