Cerity Partners LLC Trims Position in Century Aluminum Company (NASDAQ:CENX)

Cerity Partners LLC decreased its position in shares of Century Aluminum Company (NASDAQ:CENX) by 30.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,451 shares of the industrial products company’s stock after selling 4,557 shares during the period. Cerity Partners LLC’s holdings in Century Aluminum were worth $194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in Century Aluminum during the fourth quarter worth approximately $39,000. GAMMA Investing LLC raised its stake in Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 628 shares during the period. Corton Capital Inc. purchased a new position in Century Aluminum during the fourth quarter worth approximately $189,000. KLP Kapitalforvaltning AS purchased a new position in Century Aluminum during the fourth quarter worth approximately $199,000. Finally, Vise Technologies Inc. purchased a new position in Century Aluminum during the fourth quarter worth approximately $225,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX stock opened at $22.64 on Tuesday. The company’s fifty day simple moving average is $18.76 and its 200-day simple moving average is $18.33. Century Aluminum Company has a 52 week low of $11.40 and a 52 week high of $25.39. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.11 billion, a PE ratio of 19.19 and a beta of 2.55.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. The business had revenue of $633.90 million during the quarter, compared to analysts’ expectations of $643.80 million. As a group, equities research analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday.

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.