First Eagle Investment Management LLC Has $7.81 Million Holdings in Century Aluminum (NASDAQ:CENX)

First Eagle Investment Management LLC lessened its position in shares of Century Aluminum (NASDAQ:CENX) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,756 shares of the industrial products company’s stock after selling 202,558 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.46% of Century Aluminum worth $7,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Century Aluminum by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 2,198 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after buying an additional 2,427 shares during the period. Empowered Funds LLC lifted its position in shares of Century Aluminum by 5.1% during the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 2,801 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Century Aluminum during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Trading Up 2.8 %

CENX stock opened at $19.95 on Friday. The company has a market cap of $1.84 billion, a P/E ratio of 6.31 and a beta of 2.67. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $19.32 and a 200-day moving average of $18.56.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $631.00 million during the quarter, compared to the consensus estimate of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, equities research analysts expect that Century Aluminum will post 2.76 EPS for the current year.

Insider Transactions at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of the business’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 completion of the sale, the chief executive officer now owns 50,753 shares in the company, valued at $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CENX. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Monday, February 24th.

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.