Century Aluminum (NASDAQ:CENX) Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,300 shares of the industrial products company's stock after acquiring an additional 89,621 shares during the quarter. Assenagon Asset Management S.A. owned about 0.67% of Century Aluminum worth $10,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CENX. Wellington Management Group LLP grew its position in Century Aluminum by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 169,574 shares of the industrial products company's stock valued at $2,059,000 after acquiring an additional 5,064 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Century Aluminum by 43.4% in the 1st quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company's stock worth $3,553,000 after buying an additional 69,910 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in Century Aluminum in the 1st quarter worth $161,000. GSA Capital Partners LLP boosted its position in Century Aluminum by 314.4% in the 1st quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company's stock valued at $1,678,000 after buying an additional 82,703 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Century Aluminum by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company's stock valued at $697,000 after acquiring an additional 1,102 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

CENX traded down $0.03 during trading hours on Monday, hitting $18.23. 814,813 shares of the stock were exchanged, compared to its average volume of 1,330,348. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 8.36 and a beta of 2.48. The stock has a 50-day simple moving average of $15.28 and a 200-day simple moving average of $16.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. Century Aluminum has a 12 month low of $6.25 and a 12 month high of $21.37.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $560.80 million during the quarter, compared to analyst estimates of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. Analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on CENX shares. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research note on Tuesday, October 22nd. BMO Capital Markets reduced their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a "market perform" rating on the stock in a research note on Friday, August 9th. Finally, B. Riley dropped their target price on shares of Century Aluminum from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, August 9th.

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.