Charles Schwab Investment Management Inc. Cuts Stake in Century Aluminum Company $CENX

Charles Schwab Investment Management Inc. lowered its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 537,727 shares of the industrial products company’s stock after selling 1,434 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.58% of Century Aluminum worth $9,980,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Glencore plc purchased a new position in Century Aluminum in the fourth quarter valued at about $729,427,000. Dimensional Fund Advisors LP raised its holdings in shares of Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company’s stock worth $53,531,000 after purchasing an additional 28,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Century Aluminum by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company’s stock worth $37,665,000 after purchasing an additional 111,203 shares during the period. Northern Trust Corp lifted its stake in Century Aluminum by 5.8% in the fourth quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company’s stock valued at $9,847,000 after purchasing an additional 29,400 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Century Aluminum by 117.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 460,796 shares of the industrial products company’s stock valued at $8,396,000 after purchasing an additional 249,323 shares during the period. Institutional investors own 61.59% of the company’s stock.

Insiders Place Their Bets

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of Century Aluminum stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the transaction, the senior vice president owned 62,589 shares of the company’s stock, valued at $1,456,446.03. The trade was a 16.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CENX. Wall Street Zen downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. BMO Capital Markets reiterated an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. B. Riley lifted their price objective on Century Aluminum from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $24.67.

Century Aluminum Trading Up 1.1%

NASDAQ:CENX opened at $22.21 on Monday. Century Aluminum Company has a 1 year low of $11.63 and a 1 year high of $25.39. The stock’s fifty day moving average price is $20.43 and its two-hundred day moving average price is $18.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The company has a market cap of $2.07 billion, a P/E ratio of 19.15 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The company had revenue of $628.10 million during the quarter, compared to analysts’ expectations of $606.10 million. As a group, analysts expect that Century Aluminum Company will post 2.76 EPS for the current 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.