First Eagle Investment Management LLC Lowers Position in Century Aluminum (NASDAQ:CENX)

First Eagle Investment Management LLC decreased its stake in Century Aluminum (NASDAQ:CENX) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 753,314 shares of the industrial products company’s stock after selling 80,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.81% of Century Aluminum worth $12,618,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Century Aluminum by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock worth $89,567,000 after acquiring an additional 39,900 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Century Aluminum by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock worth $39,380,000 after purchasing an additional 42,167 shares in the last quarter. American Century Companies Inc. raised its position in shares of Century Aluminum by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after purchasing an additional 276,304 shares during the period. Castle Hook Partners LP lifted its stake in shares of Century Aluminum by 1,147.0% during the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock valued at $15,034,000 after buying an additional 898,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Century Aluminum by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 850,179 shares of the industrial products company’s stock worth $10,321,000 after buying an additional 48,631 shares during the period. Institutional investors own 61.59% of the company’s stock.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 60,000 shares of Century Aluminum stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the completion of the sale, the chief executive officer now owns 62,447 shares of the company’s stock, valued at $1,012,265.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Century Aluminum Stock Performance

Shares of Century Aluminum stock opened at $14.74 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $14.58 and its two-hundred day moving average is $15.64. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $21.37. The company has a market capitalization of $1.37 billion, a PE ratio of 6.76 and a beta of 2.48.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. As a group, analysts expect that Century Aluminum will post 0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CENX. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. B. Riley decreased their target price on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, BMO Capital Markets lowered their price target on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, August 9th.

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.