Campbell & CO Investment Adviser LLC Sells 33,907 Shares of Century Aluminum Company $CENX

Campbell & CO Investment Adviser LLC cut its holdings in Century Aluminum Company (NASDAQ:CENX) by 63.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,859 shares of the industrial products company’s stock after selling 33,907 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Century Aluminum were worth $358,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new stake in Century Aluminum in the 1st quarter valued at $25,000. Farther Finance Advisors LLC grew its holdings in shares of Century Aluminum by 1,291.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 1,266 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 2,909 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Century Aluminum during the second quarter worth about $124,000. Finally, AlphaQuest LLC boosted 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 valued at $129,000 after purchasing an additional 4,459 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CENX has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. BMO Capital Markets increased their price target on shares of Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. B. Riley lifted their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Wall Street Zen cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Zacks Research cut Century Aluminum from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Century Aluminum currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $28.78 on Monday. 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 stock has a 50 day simple moving average of $28.88 and a 200 day simple moving average of $22.82. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $34.51. The stock has a market cap of $2.69 billion, a P/E ratio of 24.81 and a beta of 2.51.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.23). The business had revenue of $632.20 million for the quarter, compared to the consensus estimate of $629.85 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.Century Aluminum’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. Research analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current year.

Insider Transactions at Century Aluminum

In other Century Aluminum news, SVP Agust F. Hafberg sold 9,493 shares of Century Aluminum stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $27.91, for a total value of $264,949.63. Following the transaction, the senior vice president owned 55,260 shares in the company, valued at $1,542,306.60. The trade was a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.76% of the stock is currently owned by corporate insiders.

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.