Century Aluminum (NASDAQ:CENX) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its holdings in shares of Century Aluminum (NASDAQ:CENX) by 28.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,787 shares of the industrial products company’s stock after selling 701 shares during the period. Exchange Traded Concepts LLC’s holdings in Century Aluminum were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Century Aluminum by 0.7% during the first 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 during the period. Encompass Capital Advisors LLC boosted its position in shares of Century Aluminum by 1,208.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock worth $23,477,000 after purchasing an additional 1,294,538 shares in the last quarter. American Century Companies Inc. grew its stake 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 worth $19,870,000 after purchasing an additional 276,304 shares during the period. Castle Hook Partners LP increased its holdings in shares of Century Aluminum by 1,147.0% in 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 purchasing an additional 898,554 shares in the last quarter. Finally, Impala Asset Management LLC boosted its holdings in Century Aluminum by 20.6% during the second quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock worth $14,238,000 after buying an additional 145,000 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX opened at $16.82 on Thursday. The company has a 50-day moving average of $14.96 and a two-hundred day moving average of $16.15. The stock has a market cap of $1.56 billion, a P/E ratio of 7.72 and a beta of 2.48. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $21.37. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last posted 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 during 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, research analysts predict that Century Aluminum will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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