Hsbc Holdings PLC Sells 4,283 Shares of Century Aluminum Company $CENX

Hsbc Holdings PLC decreased its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,358 shares of the industrial products company’s stock after selling 4,283 shares during the period. Hsbc Holdings PLC’s holdings in Century Aluminum were worth $462,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CENX. Marshall Wace LLP bought a new stake in Century Aluminum during the fourth quarter valued at $313,000. MetLife Investment Management LLC boosted its stake in Century Aluminum by 8.7% during the fourth quarter. MetLife Investment Management LLC now owns 31,907 shares of the industrial products company’s stock valued at $581,000 after buying an additional 2,549 shares during the period. State of Tennessee Department of Treasury boosted its stake in Century Aluminum by 45.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 19,120 shares of the industrial products company’s stock valued at $348,000 after buying an additional 5,947 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Century Aluminum by 9.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,726 shares of the industrial products company’s stock valued at $688,000 after buying an additional 3,276 shares during the period. Finally, Northern Trust Corp boosted its stake in Century Aluminum by 5.8% during the fourth quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company’s stock valued at $9,847,000 after buying an additional 29,400 shares during the period. Institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

CENX has been the subject of several research analyst reports. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. B. Riley lifted their price target on Century Aluminum from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $24.67.

Century Aluminum Trading Down 0.2%

Shares of CENX stock opened at $22.33 on Tuesday. The firm has a market cap of $2.08 billion, a P/E ratio of 19.25 and a beta of 2.55. The business has a 50-day moving average price of $21.02 and a two-hundred day moving average price of $18.80. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 12-month low of $11.63 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data 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 company had revenue of $628.10 million during the quarter, compared to analysts’ expectations of $606.10 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%. Equities analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Insider Activity at Century Aluminum

In other 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 value of $279,868.29. Following the transaction, the senior vice president owned 62,589 shares in the company, valued at approximately $1,456,446.03. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

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.