Algert Global LLC Decreases Stake in Century Aluminum (NASDAQ:CENX)

Algert Global LLC lowered its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 46.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,008 shares of the industrial products company's stock after selling 77,228 shares during the quarter. Algert Global LLC owned about 0.09% of Century Aluminum worth $1,428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC increased its stake in Century Aluminum by 82.0% in the third quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company's stock valued at $478,000 after purchasing an additional 13,263 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Century Aluminum by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company's stock valued at $7,910,000 after buying an additional 10,105 shares during the last quarter. Intech Investment Management LLC raised its stake in Century Aluminum by 84.6% during the 3rd quarter. Intech Investment Management LLC now owns 63,974 shares of the industrial products company's stock worth $1,038,000 after acquiring an additional 29,326 shares in the last quarter. Jennison Associates LLC lifted its position in Century Aluminum by 78.0% in the third quarter. Jennison Associates LLC now owns 47,255 shares of the industrial products company's stock valued at $767,000 after acquiring an additional 20,710 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Century Aluminum by 5.4% in the third quarter. Empowered Funds LLC now owns 55,316 shares of the industrial products company's stock valued at $898,000 after acquiring an additional 2,814 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Stock Performance

Shares of CENX stock traded down $0.21 during midday trading on Friday, hitting $22.83. The company had a trading volume of 527,335 shares, compared to its average volume of 1,323,981. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 7.56 and a beta of 2.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The company's 50 day simple moving average is $18.68 and its 200 day simple moving average is $16.83. Century Aluminum has a 52-week low of $7.28 and a 52-week high of $24.21.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $539.10 million for the quarter, compared to analysts' expectations of $587.10 million. During the same period in the previous year, the company posted ($0.13) EPS. Research analysts anticipate that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets upped their target price on Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. B. Riley raised their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock 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 report on Saturday, November 9th.

About Century Aluminum

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.