Century Aluminum (NASDAQ:CENX) Stake Reduced by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. decreased its holdings in shares of Century Aluminum (NASDAQ:CENX) by 16.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,783 shares of the industrial products company’s stock after selling 6,700 shares during the period. Great Valley Advisor Group Inc.’s holdings in Century Aluminum were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CENX. Allspring Global Investments Holdings LLC increased its position in shares of Century Aluminum by 35.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 2,405 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Century Aluminum by 8.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 33,530 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 2,680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Century Aluminum by 34.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 2,899 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Century Aluminum by 3.6% in the fourth quarter. New York State Teachers Retirement System now owns 102,005 shares of the industrial products company’s stock worth $1,238,000 after buying an additional 3,500 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of Century Aluminum during the fourth quarter valued at $68,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Up 3.3 %

CENX stock opened at $16.81 on Monday. The firm has a market cap of $1.56 billion, a PE ratio of 7.71 and a beta of 2.67. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $18.64. The company has a fifty day simple moving average of $14.53 and a 200 day simple moving average of $11.16. The company has a current ratio of 1.67, a quick ratio of 0.38 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.53. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. The company had revenue of $512.30 million during the quarter, compared to the consensus estimate of $514.40 million. Sell-side analysts anticipate that Century Aluminum will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CENX. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday. B. Riley raised Century Aluminum from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th. Finally, BMO Capital Markets lifted their price target on Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday.

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.