Century Aluminum (NASDAQ:CENX) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in Century Aluminum (NASDAQ:CENX) by 7.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,396,106 shares of the industrial products company’s stock after selling 268,957 shares during the quarter. State Street Corp owned about 3.66% of Century Aluminum worth $55,119,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC boosted its holdings in shares of Century Aluminum by 1,607.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock valued at $370,841,000 after buying an additional 21,510,639 shares in the last quarter. Encompass Capital Advisors LLC boosted its stake in Century Aluminum by 1,208.7% in the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after acquiring an additional 1,294,538 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Century Aluminum by 30.4% during the second 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 last quarter. Impala Asset Management LLC increased its position in shares of 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 purchasing an additional 145,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Century Aluminum by 16.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company’s stock valued at $10,084,000 after purchasing an additional 89,621 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $18.59 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 6.22 and a beta of 2.50. The firm’s fifty day moving average price is $20.43 and its 200 day moving average price is $17.19. Century Aluminum has a 1-year low of $9.65 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 14.60% and a return on equity of 11.37%. During the same period in the previous year, the business posted ($0.13) earnings per share. On average, sell-side analysts expect that Century Aluminum will post 0.56 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CENX shares. BMO Capital Markets raised their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. B. Riley raised their price objective on shares of 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 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.