Century Aluminum (NASDAQ:CENX) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in Century Aluminum (NASDAQ:CENX) by 79.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,297 shares of the industrial products company’s stock after selling 652,685 shares during the quarter. American Century Companies Inc. owned about 0.18% of Century Aluminum worth $3,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in shares of Century Aluminum in the 4th quarter valued at $264,000. Intech Investment Management LLC raised its stake in shares of Century Aluminum by 206.4% during the 4th quarter. Intech Investment Management LLC now owns 196,048 shares of the industrial products company’s stock valued at $3,572,000 after buying an additional 132,074 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Century Aluminum in the 4th quarter valued at about $664,000. Natixis Advisors LLC purchased a new stake in shares of Century Aluminum in the fourth quarter worth about $313,000. Finally, AlphaQuest LLC grew its holdings in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 2,427 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 subject of a number of analyst reports. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Monday, February 24th. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, March 24th.

Century Aluminum Stock Performance

NASDAQ CENX opened at $14.99 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 4.74 and a beta of 2.56. The stock has a 50-day moving average of $19.01 and a 200 day moving average of $19.18. 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 has a twelve month low of $11.40 and a twelve month high of $25.39.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The company had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. During the same period in the prior year, the business posted $0.39 earnings per share. Sell-side analysts anticipate that Century Aluminum will post 2.76 EPS for the current fiscal year.

Insider Activity at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the sale, the chief accounting officer now directly owns 64,083 shares in the company, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.