Newbridge Financial Services Group Inc. Has $43,000 Position in Century Aluminum (NASDAQ:CENX)

Newbridge Financial Services Group Inc. reduced its stake in Century Aluminum (NASDAQ:CENX) by 30.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,572 shares of the industrial products company’s stock after selling 1,548 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Century Aluminum were worth $43,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CENX. Charles Schwab Investment Management Inc. lifted its holdings in Century Aluminum by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,548 shares of the industrial products company’s stock worth $5,763,000 after purchasing an additional 25,480 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Century Aluminum by 105.0% in the 3rd quarter. Hsbc Holdings PLC now owns 46,399 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 23,770 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in Century Aluminum by 156.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock worth $1,449,000 after purchasing an additional 122,915 shares during the last quarter. MQS Management LLC acquired a new stake in Century Aluminum in the 3rd quarter worth approximately $133,000. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in Century Aluminum by 33.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 21,716 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on CENX shares. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. BMO Capital Markets lifted their price target on Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $15.29 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $17.24 and its two-hundred day moving average is $13.43. The company has a market cap of $1.42 billion, a P/E ratio of 7.09 and a beta of 2.57. Century Aluminum has a 12 month low of $5.70 and a 12 month high of $19.88.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.20). The firm had revenue of $489.50 million for the quarter, compared to the consensus estimate of $520.30 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. On average, equities analysts expect that Century Aluminum will post 3.1 EPS for the current year.

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.