Great Valley Advisor Group Inc. Cuts Stock Position in Century Aluminum (NASDAQ:CENX)

Great Valley Advisor Group Inc. decreased its position in shares of Century Aluminum (NASDAQ:CENX) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,783 shares of the industrial products company’s stock after selling 6,700 shares during the period. Great Valley Advisor Group Inc.’s holdings in Century Aluminum were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Semanteon Capital Management LP purchased a new stake in shares of Century Aluminum during the 4th quarter valued at $1,223,000. Illinois Municipal Retirement Fund boosted its holdings in Century Aluminum by 8.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 33,530 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 2,680 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Century Aluminum by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,255 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 7,946 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Century Aluminum during the fourth quarter valued at about $165,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Century Aluminum in the 4th quarter valued at approximately $314,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CENX. BMO Capital Markets boosted their target price on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday. B. Riley raised Century Aluminum from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $14.00 in a research report on Tuesday, January 9th. Finally, StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $16.81 on Monday. The company has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $11.16. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 7.71 and a beta of 2.67. The company has a current ratio of 1.67, a quick ratio of 0.38 and a debt-to-equity ratio of 0.77. Century Aluminum has a 12 month low of $5.70 and a 12 month high of $18.64.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. The company had revenue of $512.30 million during the quarter, compared to the consensus estimate of $514.40 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. As a group, analysts predict that Century Aluminum will post 3.1 earnings per share for the current year.

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.