Thrivent Financial for Lutherans Decreases Holdings in Century Aluminum (NASDAQ:CENX)

Thrivent Financial for Lutherans reduced its position in Century Aluminum (NASDAQ:CENX) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,168 shares of the industrial products company’s stock after selling 636 shares during the period. Thrivent Financial for Lutherans’ holdings in Century Aluminum were worth $732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mountaineer Partners Management LLC raised its holdings in shares of Century Aluminum by 1,607.1% in the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock worth $370,841,000 after buying an additional 21,510,639 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Century Aluminum by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock worth $15,565,000 after acquiring an additional 319,164 shares during the last quarter. Yaupon Capital Management LP lifted its position in Century Aluminum by 401.5% during the 3rd quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock worth $5,226,000 after acquiring an additional 257,812 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Century Aluminum during the 3rd quarter valued at about $4,163,000. Finally, Verition Fund Management LLC increased its holdings in shares of Century Aluminum by 381.3% in the third quarter. Verition Fund Management LLC now owns 117,513 shares of the industrial products company’s stock valued at $1,907,000 after purchasing an additional 93,099 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Price Performance

Century Aluminum stock opened at $18.60 on Thursday. The company has a fifty day simple moving average of $19.15 and a 200-day simple moving average of $19.12. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 5.89 and a beta of 2.67. Century Aluminum has a 52-week low of $11.40 and a 52-week high of $25.39.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Century Aluminum will post 2.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CENX shares. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Monday, February 24th.

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.