American Century Companies Inc. Trims Holdings in Century Aluminum (NASDAQ:CENX)

American Century Companies Inc. reduced its stake in Century Aluminum (NASDAQ:CENX) by 79.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,297 shares of the industrial products company’s stock after selling 652,685 shares during the quarter. American Century Companies Inc.’s holdings in Century Aluminum were worth $3,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Century Aluminum by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock valued at $7,910,000 after acquiring an additional 10,105 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Century Aluminum by 82.0% in the 3rd quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company’s stock valued at $478,000 after buying an additional 13,263 shares during the period. Centiva Capital LP acquired a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $559,000. Point72 Asset Management L.P. purchased a new stake in shares of Century Aluminum during the 3rd quarter valued at approximately $857,000. Finally, Barclays PLC raised its position in shares of Century Aluminum by 266.5% during the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company’s stock valued at $1,581,000 after buying an additional 70,825 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 owns 64,083 shares in the company, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

Century Aluminum Stock Down 14.1 %

Shares of NASDAQ CENX opened at $14.99 on Monday. 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 business’s 50 day moving average is $19.01 and its two-hundred day moving average is $19.18. Century Aluminum has a 52-week low of $11.40 and a 52-week high of $25.39. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 4.74 and a beta of 2.56.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period in the prior year, the business earned $0.39 EPS. Research analysts predict that Century Aluminum will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

CENX has been the subject of several recent analyst reports. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Monday, February 24th.

Century Aluminum Company 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.