American Century Companies Inc. Sells 652,685 Shares of Century Aluminum (NASDAQ:CENX)

American Century Companies Inc. cut its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 79.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,297 shares of the industrial products company's stock after selling 652,685 shares during the quarter. American Century Companies Inc. owned 0.18% of Century Aluminum worth $3,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. AlphaQuest LLC raised its position in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Century Aluminum in the 4th quarter worth $54,000. Nisa Investment Advisors LLC raised its holdings in shares of Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 2,000 shares during the last quarter. Inceptionr LLC bought a new position in shares of Century Aluminum during the fourth quarter valued at about $207,000. Finally, Callan Family Office LLC bought a new position in shares of Century Aluminum during the fourth quarter valued at about $250,000. Institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Performance

NASDAQ CENX traded up $0.96 during trading hours on Friday, reaching $15.60. 2,101,309 shares of the company were exchanged, compared to its average volume of 1,402,192. The stock has a market capitalization of $1.44 billion, a P/E ratio of 4.94 and a beta of 2.56. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The business's 50 day simple moving average is $18.60 and its 200-day simple moving average is $19.13.

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Century Aluminum (NASDAQ:CENX - Get Free Report) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $631.00 million during the quarter, compared to the consensus estimate of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period in the prior year, the firm earned $0.39 EPS. On average, equities research analysts expect that Century Aluminum will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

CENX has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Monday, February 24th. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

Insiders Place Their Bets

In other news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $1,281,019.17. This represents a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.68% of the company's stock.

Century Aluminum Company 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.