Fisher Asset Management LLC Trims Holdings in Century Aluminum Company $CENX

Fisher Asset Management LLC reduced its position in shares of Century Aluminum Company (NASDAQ:CENX) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,063,585 shares of the industrial products company’s stock after selling 260,008 shares during the period. Fisher Asset Management LLC owned 1.14% of Century Aluminum worth $19,166,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Century Aluminum by 30.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,441 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 5,182 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Century Aluminum during the first quarter worth $14,726,000. Public Sector Pension Investment Board grew its position in shares of Century Aluminum by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 164,833 shares of the industrial products company’s stock valued at $3,059,000 after purchasing an additional 35,381 shares during the period. Russell Investments Group Ltd. increased its stake in Century Aluminum by 157.4% in the first quarter. Russell Investments Group Ltd. now owns 129,375 shares of the industrial products company’s stock valued at $2,401,000 after purchasing an additional 79,118 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in 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 purchasing an additional 2,909 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CENX. BMO Capital Markets raised their price target on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company raised their target price on shares of Century Aluminum from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, November 5th. B. Riley increased their price target on shares of Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.00.

Insiders Place Their Bets

In related news, SVP Agust F. Hafberg sold 9,493 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $27.91, for a total value of $264,949.63. Following the completion of the sale, the senior vice president directly owned 55,260 shares in the company, valued at approximately $1,542,306.60. This represents a 14.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.76% of the company’s stock.

Century Aluminum Trading Up 4.2%

NASDAQ CENX opened at $30.94 on Thursday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 36.40 and a beta of 2.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.79 and a current ratio of 1.71. Century Aluminum Company has a one year low of $13.05 and a one year high of $34.51. The company’s 50 day moving average price is $29.70 and its 200 day moving average price is $23.86.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.23). The business had revenue of $632.20 million during the quarter, compared to analyst estimates of $629.85 million. Century Aluminum had a return on equity of 12.83% and a net margin of 3.47%.Century Aluminum’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. On average, sell-side analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

Century Aluminum Profile

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.