Rhumbline Advisers Has $2.64 Million Stake in Century Aluminum Company $CENX

Rhumbline Advisers decreased its position in Century Aluminum Company (NASDAQ:CENX) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,446 shares of the industrial products company’s stock after selling 762 shares during the quarter. Rhumbline Advisers owned about 0.15% of Century Aluminum worth $2,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the first quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its position in Century Aluminum by 261.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after buying an additional 2,909 shares in the last quarter. GAMMA Investing LLC grew its position 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 buying an additional 628 shares in the last quarter. AlphaQuest LLC grew its position in Century Aluminum by 177.6% during the first quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company’s stock worth $129,000 after buying an additional 4,459 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in Century Aluminum during the fourth quarter worth approximately $225,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CENX. B. Riley increased their price target on Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. 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 reissued an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. Finally, Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, Century Aluminum presently has an average rating of “Buy” and an average target price of $25.67.

Century Aluminum Stock Performance

Shares of Century Aluminum stock opened at $26.05 on Wednesday. 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 business has a 50-day moving average price of $22.13 and a two-hundred day moving average price of $19.08. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $26.85. The company has a market cap of $2.43 billion, a P/E ratio of 22.46 and a beta of 2.55.

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

Insider Transactions at Century Aluminum

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 in the company, valued at approximately $1,456,446.03. The trade was a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.