Victory Capital Management Inc. Has $1.24 Million Stock Position in Century Aluminum (NASDAQ:CENX)

Victory Capital Management Inc. decreased its position in Century Aluminum (NASDAQ:CENX) by 65.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,022 shares of the industrial products company’s stock after selling 141,594 shares during the period. Victory Capital Management Inc. owned about 0.08% of Century Aluminum worth $1,240,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Century Aluminum by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock valued at $89,567,000 after acquiring an additional 39,900 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Century Aluminum by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock valued at $39,380,000 after purchasing an additional 42,167 shares during the period. Castle Hook Partners LP grew its stake in shares of Century Aluminum by 1,147.0% in the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock valued at $15,034,000 after purchasing an additional 898,554 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Century Aluminum by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 850,179 shares of the industrial products company’s stock valued at $10,321,000 after purchasing an additional 48,631 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Century Aluminum by 125.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock valued at $8,906,000 after purchasing an additional 296,101 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analysts Set New Price Targets

CENX has been the topic of several analyst reports. BMO Capital Markets lowered their price objective on 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. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Finally, B. Riley lowered their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Century Aluminum Stock Up 3.7 %

NASDAQ CENX opened at $14.74 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 6.69 and a beta of 2.48. Century Aluminum has a one year low of $5.70 and a one year high of $21.37. The stock’s 50 day simple moving average is $14.58 and its 200 day simple moving average is $15.64. 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 (NASDAQ:CENX) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $560.80 million for the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. As a group, sell-side analysts forecast that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse E. Gary sold 60,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the sale, the chief executive officer now directly owns 62,447 shares in the company, valued at approximately $1,012,265.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by corporate insiders.

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.