Y Intercept Hong Kong Ltd Sells 26,594 Shares of Century Aluminum (NASDAQ:CENX)

Y Intercept Hong Kong Ltd lowered its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 52.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,262 shares of the industrial products company's stock after selling 26,594 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Century Aluminum were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Aristeia Capital L.L.C. purchased a new stake in Century Aluminum in the 2nd quarter worth $681,000. Principal Financial Group Inc. lifted its stake in Century Aluminum by 17.0% in the 3rd quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock worth $4,901,000 after purchasing an additional 43,881 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Century Aluminum during the 3rd quarter valued at about $475,000. Assenagon Asset Management S.A. raised its position in shares of Century Aluminum by 16.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company's stock valued at $10,084,000 after buying an additional 89,621 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Century Aluminum during the 3rd quarter valued at about $559,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Century Aluminum Trading Down 3.9 %

NASDAQ:CENX traded down $0.80 during mid-day trading on Tuesday, hitting $19.61. 1,074,653 shares of the stock traded hands, compared to its average volume of 1,304,115. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 6.56 and a beta of 2.50. Century Aluminum has a 52 week low of $9.65 and a 52 week high of $25.39. The firm's 50 day moving average is $20.38 and its two-hundred day moving average is $17.18. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on CENX shares. BMO Capital Markets upped their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. B. Riley upped their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd.

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.