Fisher Asset Management LLC Sells 368,143 Shares of Century Aluminum (NASDAQ:CENX)

Fisher Asset Management LLC lowered its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,654,816 shares of the industrial products company's stock after selling 368,143 shares during the period. Fisher Asset Management LLC owned about 1.78% of Century Aluminum worth $26,858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quest Partners LLC grew its position in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after buying an additional 1,385 shares during the last quarter. GAMMA Investing LLC increased its stake in Century Aluminum by 39.6% in the 3rd 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 in the last quarter. Russell Investments Group Ltd. raised its holdings in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company's stock worth $108,000 after buying an additional 6,924 shares during the period. ProShare Advisors LLC purchased a new stake in Century Aluminum during the first quarter valued at about $163,000. Finally, Olympiad Research LP acquired a new position in shares of Century Aluminum in the third quarter worth about $180,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Down 3.3 %

Shares of NASDAQ CENX traded down $0.79 during mid-day trading on Wednesday, reaching $23.05. The company had a trading volume of 328,181 shares, compared to its average volume of 1,324,699. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.73 and a beta of 2.47. The stock has a fifty day moving average of $18.33 and a two-hundred day moving average of $16.74. Century Aluminum has a 12-month low of $7.28 and a 12-month high of $24.21.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CENX. B. Riley boosted their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. StockNews.com raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Finally, BMO Capital Markets increased their target price on Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Tuesday, November 5th.

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.