Intech Investment Management LLC Has $1.79 Million Position in Century Aluminum Company $CENX

Intech Investment Management LLC trimmed its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 26.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 99,163 shares of the industrial products company’s stock after selling 35,850 shares during the period. Intech Investment Management LLC’s holdings in Century Aluminum were worth $1,787,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. bought a new stake in Century Aluminum during the first quarter worth about $1,146,000. Bastion Asset Management Inc. acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $2,998,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Century Aluminum by 30.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,441 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 5,182 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Century Aluminum in the 1st quarter valued at approximately $1,798,000. Finally, Monaco Asset Management SAM acquired a new stake in shares of Century Aluminum in the 1st quarter valued at approximately $2,552,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX stock opened at $27.01 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 23.28 and a beta of 2.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. The company has a 50-day simple moving average of $29.28 and a 200 day simple moving average of $23.10. Century Aluminum Company has a 52 week low of $13.05 and a 52 week high of $34.51.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.23). The company had revenue of $632.20 million during the quarter, compared to the consensus estimate of $629.85 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. On average, sell-side analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CENX. Wells Fargo & Company boosted their target price on shares of Century Aluminum from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. B. Riley raised their target price on shares of Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets raised their price objective on Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Century Aluminum has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Insider Buying and Selling at Century Aluminum

In related news, SVP Agust F. Hafberg sold 9,493 shares of Century Aluminum stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the sale, the senior vice president directly owned 55,260 shares of the company’s stock, valued at approximately $1,542,306.60. This trade represents a 14.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.76% 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.