State Street Corp Decreases Holdings in Century Aluminum (NASDAQ:CENX)

State Street Corp trimmed its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 7.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,396,106 shares of the industrial products company's stock after selling 268,957 shares during the period. State Street Corp owned 3.66% of Century Aluminum worth $55,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC raised its holdings in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after acquiring an additional 1,385 shares during the period. GAMMA Investing LLC raised its stake in Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after purchasing an additional 1,233 shares during the period. Olympiad Research LP purchased a new stake in shares of Century Aluminum in the 3rd quarter valued at approximately $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $189,000. Finally, MQS Management LLC raised its position in shares of 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 period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CENX shares. BMO Capital Markets raised their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. B. Riley upped their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the company a "buy" 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, December 3rd.

Century Aluminum Stock Down 2.9 %

Shares of NASDAQ CENX traded down $0.53 during mid-day trading on Thursday, hitting $18.06. The company had a trading volume of 922,943 shares, compared to its average volume of 1,302,622. Century Aluminum has a 1-year low of $9.65 and a 1-year high of $25.39. The company has a market capitalization of $1.68 billion, a PE ratio of 6.04 and a beta of 2.50. 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 business's 50-day simple moving average is $20.46 and its 200 day simple moving average is $17.20.

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. The business had revenue of $539.10 million during the quarter, compared to analysts' expectations of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same quarter last year, the business posted ($0.13) EPS. On average, analysts predict that Century Aluminum will post 0.56 earnings per share for the current year.

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.