Century Aluminum (NASDAQ:CENX) Shares Sold by Algert Global LLC

Algert Global LLC reduced its position in shares of Century Aluminum (NASDAQ:CENX) by 46.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,008 shares of the industrial products company’s stock after selling 77,228 shares during the period. Algert Global LLC owned about 0.09% of Century Aluminum worth $1,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MQS Management LLC increased its position in Century Aluminum by 8.1% in the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after buying an additional 883 shares during the period. GAMMA Investing LLC boosted its stake in Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Century Aluminum by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after buying an additional 1,335 shares in the last quarter. Quest Partners LLC boosted its stake in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Century Aluminum by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after buying an additional 1,641 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CENX. B. Riley increased their price target on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, BMO Capital Markets lifted their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th.

Century Aluminum Trading Down 3.4 %

Shares of CENX opened at $23.04 on Friday. The business’s 50-day moving average price is $18.51 and its 200 day moving average price is $16.78. The stock has a market capitalization of $2.14 billion, a P/E ratio of 7.71 and a beta of 2.47. Century Aluminum has a 1-year low of $7.28 and a 1-year high of $24.21. 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 (NASDAQ:CENX) last announced its quarterly earnings data 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. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. The firm had revenue of $539.10 million during the quarter, compared to analyst estimates of $587.10 million. During the same period last year, the company posted ($0.13) EPS. Analysts expect that Century Aluminum will post 0.56 earnings per share for the current year.

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.