Century Aluminum Company $CENX Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of Century Aluminum Company (NASDAQ:CENX) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,947 shares of the industrial products company’s stock after selling 4,760 shares during the quarter. Deutsche Bank AG owned 0.11% of Century Aluminum worth $1,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 628 shares during the period. Corton Capital Inc. acquired a new position in shares of Century Aluminum during the fourth quarter worth about $189,000. Vise Technologies Inc. acquired a new position in shares of Century Aluminum during the fourth quarter worth about $225,000. Dark Forest Capital Management LP increased its stake in shares of Century Aluminum by 19.5% during the fourth quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 2,430 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Century Aluminum by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 15,893 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 4,896 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CENX. B. Riley boosted their price target on shares of Century Aluminum from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $24.67.

Insider Activity at Century Aluminum

In other news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total value of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is owned by corporate insiders.

Century Aluminum Trading Up 0.6%

Shares of CENX opened at $21.97 on Friday. Century Aluminum Company has a twelve month low of $11.63 and a twelve month high of $25.39. The firm has a market capitalization of $2.05 billion, a P/E ratio of 18.94 and a beta of 2.53. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average is $20.37 and its two-hundred day moving average is $18.69.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.39). The business had revenue of $628.10 million during the quarter, compared to analyst estimates of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. On average, research analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

About Century Aluminum

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.