Assenagon Asset Management S.A. Has $7.11 Million Stake in Century Aluminum (NASDAQ:CENX)

Assenagon Asset Management S.A. reduced its holdings in Century Aluminum (NASDAQ:CENX) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 390,227 shares of the industrial products company’s stock after selling 231,073 shares during the quarter. Assenagon Asset Management S.A. owned about 0.42% of Century Aluminum worth $7,110,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CENX. FNY Investment Advisers LLC acquired a new stake in Century Aluminum in the 4th quarter valued at approximately $54,000. GAMMA Investing LLC grew its stake in shares of Century Aluminum by 39.6% in the third 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 last quarter. Olympiad Research LP bought a new position in Century Aluminum during the third quarter worth $180,000. Dynamic Technology Lab Private Ltd acquired a new position in Century Aluminum during the 3rd quarter valued at $189,000. Finally, MQS Management LLC boosted its holdings in Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 883 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $20.73 on Monday. The firm has a market capitalization of $1.92 billion, a PE ratio of 6.93 and a beta of 2.53. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a 12-month low of $9.65 and a 12-month high of $25.39. The firm has a 50-day moving average price of $20.78 and a 200 day moving average price of $17.60.

Century Aluminum (NASDAQ:CENX) last announced its quarterly 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 business had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same quarter in the previous year, the firm earned ($0.13) EPS. Research analysts anticipate that Century Aluminum will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. BMO Capital Markets boosted their price target on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. B. Riley raised their price objective on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Tuesday, December 3rd.

Insider Activity at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. This represents a 36.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

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.