Century Aluminum (NASDAQ:CENX) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 190.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,283 shares of the industrial products company's stock after purchasing an additional 47,417 shares during the period. Federated Hermes Inc. owned 0.08% of Century Aluminum worth $1,317,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Century Aluminum by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company's stock worth $20,774,000 after acquiring an additional 13,486 shares in the last quarter. JPMorgan Chase & Co. grew its position in Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock worth $15,565,000 after buying an additional 319,164 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Century Aluminum by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company's stock valued at $9,824,000 after buying an additional 51,770 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Century Aluminum by 348.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock valued at $9,055,000 after acquiring an additional 386,133 shares during the period. Finally, Pertento Partners LLP purchased a new stake in shares of Century Aluminum during the 4th quarter worth approximately $7,678,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insider Transactions at Century Aluminum

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

Century Aluminum Price Performance

CENX stock traded down $0.20 during trading on Friday, hitting $15.59. The stock had a trading volume of 927,306 shares, compared to its average volume of 1,393,212. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 4.93 and a beta of 2.56. The company's 50 day moving average price is $18.21 and its two-hundred day moving average price is $19.09. 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 announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $631.00 million for 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 quarter in the prior year, the firm posted $0.39 earnings per share. On average, sell-side analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Monday, February 24th. StockNews.com cut shares of Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th.

Century Aluminum 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.