Century Aluminum (NASDAQ:CENX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,066 shares of the industrial products company's stock after selling 39,536 shares during the quarter. BNP Paribas Financial Markets owned 0.20% of Century Aluminum worth $2,987,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MQS Management LLC boosted its holdings in Century Aluminum by 8.1% during the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock worth $198,000 after buying an additional 883 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 1,233 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Century Aluminum by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company's stock valued at $467,000 after purchasing an additional 1,335 shares in the last quarter. Quest Partners LLC raised its holdings in Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after purchasing an additional 1,385 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Century Aluminum by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company's stock worth $6,144,000 after purchasing an additional 1,641 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CENX. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. B. Riley upped their price objective 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. BMO Capital Markets lifted their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Finally, Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target for the company in a research report on Tuesday.

Century Aluminum Price Performance

NASDAQ CENX traded down $1.20 during mid-day trading on Friday, hitting $22.72. The stock had a trading volume of 881,197 shares, compared to its average volume of 1,317,846. The firm's 50 day moving average is $19.51 and its 200 day moving average is $17.03. 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 stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 7.59 and a beta of 2.50. Century Aluminum has a twelve month low of $7.28 and a twelve month high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million during the quarter, compared to analysts' expectations of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period in the prior year, the business earned ($0.13) earnings per share. Equities research analysts forecast that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

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.