Charles Schwab Investment Management Inc. Has $9.82 Million Position in Century Aluminum (NASDAQ:CENX)

Charles Schwab Investment Management Inc. grew its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,161 shares of the industrial products company's stock after buying an additional 51,770 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.58% of Century Aluminum worth $9,824,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its position in shares of Century Aluminum by 63.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 44,111 shares of the industrial products company's stock worth $804,000 after purchasing an additional 17,134 shares during the last quarter. Bank of New York Mellon Corp increased its position in Century Aluminum by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 347,045 shares of the industrial products company's stock worth $6,323,000 after buying an additional 19,129 shares during the period. Principal Financial Group Inc. lifted its position in Century Aluminum by 5.9% in the 4th quarter. Principal Financial Group Inc. now owns 319,702 shares of the industrial products company's stock valued at $5,825,000 after purchasing an additional 17,710 shares during the last quarter. Congress Asset Management Co. boosted its position in shares of Century Aluminum by 7.0% during the fourth quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company's stock worth $3,982,000 after buying an additional 14,223 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Century Aluminum by 5.1% during the fourth quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock valued at $1,059,000 after purchasing an additional 2,801 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the sale, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jesse E. Gary sold 29,243 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares in the company, valued at $962,784.41. This represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Century Aluminum Stock Up 2.2 %

Shares of CENX stock traded up $0.40 during trading on Wednesday, hitting $19.00. 1,777,508 shares of the company were exchanged, compared to its average volume of 1,340,867. The business's 50-day simple moving average is $19.35 and its 200 day simple moving average is $18.91. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 6.01 and a beta of 2.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $631.00 million for the quarter, compared to analysts' expectations of $515.27 million. During the same period in the previous year, the company posted $0.39 EPS. As a group, analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CENX. StockNews.com lowered Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Monday, February 24th. Finally, Wolfe Research raised Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a research report on Tuesday, December 3rd.

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.