UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.75 Million Stock Holdings in Century Aluminum (NASDAQ:CENX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Century Aluminum (NASDAQ:CENX) by 18.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,696 shares of the industrial products company’s stock after selling 24,132 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Century Aluminum worth $1,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CENX. MQS Management LLC lifted its position in Century Aluminum by 8.1% during the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,233 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 1,335 shares during the period. Quest Partners LLC boosted its position in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Century Aluminum by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after acquiring an additional 1,641 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Down 2.2 %

Shares of CENX opened at $20.41 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a 52 week low of $9.65 and a 52 week high of $25.39. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 6.83 and a beta of 2.50. The stock has a fifty day moving average of $20.29 and a 200-day moving average of $17.17.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.32 by $0.31. The firm had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period last year, the company earned ($0.13) earnings per share. As a group, sell-side analysts anticipate that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

CENX has been the subject of several recent analyst reports. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. BMO Capital Markets upped their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. B. Riley lifted their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Tuesday, December 3rd.

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.