Century Aluminum (NASDAQ:CENX) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in shares of Century Aluminum (NASDAQ:CENX) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,278,858 shares of the industrial products company’s stock after selling 914 shares during the quarter. Geode Capital Management LLC owned about 1.38% of Century Aluminum worth $23,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Pertento Partners LLP purchased a new stake in Century Aluminum during the 4th quarter worth about $7,678,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Century Aluminum by 348.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company’s stock worth $9,055,000 after purchasing an additional 386,133 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after buying an additional 319,164 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Century Aluminum by 206.4% during the fourth 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 period. Finally, Norges Bank acquired a new stake in Century Aluminum during the fourth quarter worth approximately $2,227,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Down 1.3 %

Shares of NASDAQ CENX opened at $15.59 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.44 billion, a PE ratio of 4.93 and a beta of 2.56. The firm has a fifty day moving average of $18.21 and a 200-day moving average of $19.09. Century Aluminum has a 52-week low of $11.40 and a 52-week high of $25.39.

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

Insider Buying and Selling

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CENX. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Monday, February 24th.

Century Aluminum 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.