Vanguard Group Inc. lessened its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,850,940 shares of the industrial products company's stock after selling 289,714 shares during the quarter. Vanguard Group Inc. owned approximately 6.30% of Century Aluminum worth $106,604,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Century Aluminum by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company's stock worth $7,910,000 after buying an additional 10,105 shares during the period. Point72 Asset Management L.P. acquired a new stake in Century Aluminum during the 3rd quarter worth about $857,000. Barclays PLC raised its position in shares of Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock worth $1,581,000 after acquiring an additional 70,825 shares in the last quarter. Impala Asset Management LLC lifted its stake in shares of Century Aluminum by 6.4% in the 3rd quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company's stock valued at $14,672,000 after purchasing an additional 54,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Century Aluminum by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company's stock valued at $20,774,000 after purchasing an additional 13,486 shares in the last quarter. Institutional investors own 61.59% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CENX shares. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a research report on Monday, February 24th.
Check Out Our Latest Analysis on CENX
Insider Activity at Century Aluminum
In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by insiders.
Century Aluminum Stock Up 6.6 %
Shares of CENX traded up $0.96 during trading hours on Friday, reaching $15.60. The stock had a trading volume of 2,101,309 shares, compared to its average volume of 1,401,669. The firm has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $19.15. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.94 and a beta of 2.56.
Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period last year, the firm earned $0.39 earnings per share. Equities research analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.
Century Aluminum Company Profile
(
Free Report)
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.
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