Century Aluminum (NASDAQ:CENX) Shares Sold by State Street Corp

State Street Corp decreased its stake in Century Aluminum (NASDAQ:CENX) by 7.3% in the 3rd quarter, Holdings Channel reports. The firm owned 3,396,106 shares of the industrial products company’s stock after selling 268,957 shares during the quarter. State Street Corp’s holdings in Century Aluminum were worth $55,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CENX. Quest Partners LLC increased its holdings in Century Aluminum by 104.1% in 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. GAMMA Investing LLC increased its stake in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares in the last quarter. Olympiad Research LP acquired a new position in Century Aluminum during the third quarter worth $180,000. Dynamic Technology Lab Private Ltd purchased a new stake in Century Aluminum during the third quarter worth $189,000. Finally, MQS Management LLC grew its holdings 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 valued at $198,000 after purchasing an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Century Aluminum Stock Down 5.2 %

Shares of NASDAQ CENX opened at $18.59 on Thursday. The firm has a market cap of $1.73 billion, a P/E ratio of 6.22 and a beta of 2.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a 1 year low of $9.65 and a 1 year high of $25.39. The firm’s 50 day moving average price is $20.43 and its 200 day moving average price is $17.19.

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, beating 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 business had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. As a group, sell-side analysts anticipate that Century Aluminum will post 0.56 earnings per share for the current year.

About Century Aluminum

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.