Versor Investments LP Sells 2,234 Shares of Century Aluminum Company $CENX

Versor Investments LP decreased its position in shares of Century Aluminum Company (NASDAQ:CENX) by 7.5% during the second quarter, Holdings Channel.com reports. The fund owned 27,666 shares of the industrial products company’s stock after selling 2,234 shares during the quarter. Versor Investments LP’s holdings in Century Aluminum were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP bought a new stake in Century Aluminum during the 1st quarter worth approximately $19,317,000. Impala Asset Management LLC raised its position in shares of Century Aluminum by 33.6% during the 1st quarter. Impala Asset Management LLC now owns 932,154 shares of the industrial products company’s stock valued at $17,301,000 after purchasing an additional 234,673 shares during the period. Nuveen LLC bought a new stake in shares of Century Aluminum during the 1st quarter valued at $14,726,000. Encompass Capital Advisors LLC bought a new stake in shares of Century Aluminum during the 1st quarter valued at $13,920,000. Finally, Wellington Management Group LLP raised its holdings in Century Aluminum by 68.6% during the first quarter. Wellington Management Group LLP now owns 693,752 shares of the industrial products company’s stock valued at $12,876,000 after acquiring an additional 282,163 shares during the period. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Trading Down 7.3%

Shares of CENX stock opened at $28.50 on Wednesday. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $34.51. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $27.67 and its 200-day moving average price is $22.07. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 24.57 and a beta of 2.52.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The firm had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Equities research analysts predict that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In related news, SVP Agust F. Hafberg sold 9,493 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $27.91, for a total value of $264,949.63. Following the sale, the senior vice president owned 55,260 shares in the company, valued at approximately $1,542,306.60. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matt Aboud sold 12,027 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the sale, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

CENX has been the topic of a number of recent analyst reports. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. Wells Fargo & Company decreased their target price on Century Aluminum from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Wall Street Zen downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $27.75.

Century Aluminum 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.