Century Aluminum (NASDAQ:CENX) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Century Aluminum (NASDAQ:CENX - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,909,533 shares of the industrial products company's stock after selling 322,775 shares during the period. Invesco Ltd. owned approximately 2.06% of Century Aluminum worth $34,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of Century Aluminum in the 4th quarter worth $39,000. AlphaQuest LLC increased its holdings in shares of Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 2,427 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Century Aluminum in the 4th quarter valued at approximately $54,000. Nisa Investment Advisors LLC boosted its stake in Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Century Aluminum during the 4th quarter worth approximately $199,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CENX. StockNews.com downgraded shares of Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Monday, February 24th.

Insider Buying and Selling

In other 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 sale, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is owned by company insiders.

Century Aluminum Price Performance

Shares of Century Aluminum stock traded down $0.63 during trading hours on Monday, reaching $14.96. The stock had a trading volume of 506,841 shares, compared to its average volume of 1,792,192. The stock's 50 day moving average is $18.21 and its 200 day moving average is $19.13. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. 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 $1.38 billion, a PE ratio of 4.73 and a beta of 2.56.

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