SG Americas Securities LLC Has $460,000 Holdings in Century Aluminum (NASDAQ:CENX)

SG Americas Securities LLC lessened its holdings in Century Aluminum (NASDAQ:CENX) by 13.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,242 shares of the industrial products company’s stock after selling 4,003 shares during the period. SG Americas Securities LLC’s holdings in Century Aluminum were worth $460,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CENX. Nisa Investment Advisors LLC lifted its position in Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after buying an additional 2,000 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Century Aluminum in the fourth quarter valued at about $337,000. FNY Investment Advisers LLC bought a new stake in Century Aluminum during the fourth quarter worth about $54,000. JPMorgan Chase & Co. boosted its position in Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after purchasing an additional 319,164 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Century Aluminum by 17.0% in the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock valued at $4,901,000 after purchasing an additional 43,881 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CENX has been the topic of a number of analyst reports. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets increased their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. B. Riley lifted their price objective 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, StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Insider Activity at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares in the company, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is owned by company insiders.

Century Aluminum Stock Up 0.6 %

CENX stock opened at $18.28 on Friday. Century Aluminum has a 1-year low of $9.65 and a 1-year high of $25.39. The business’s 50 day simple moving average is $20.13 and its 200 day simple moving average is $17.58. 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 firm has a market capitalization of $1.70 billion, a PE ratio of 6.11 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to analyst estimates 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) earnings per share. As a group, research analysts anticipate that Century Aluminum will post 0.62 EPS 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.