Century Aluminum Company $CENX Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its holdings in Century Aluminum Company (NASDAQ:CENX) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 338,056 shares of the industrial products company’s stock after selling 27,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Century Aluminum were worth $6,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CENX. Farther Finance Advisors LLC boosted its stake in Century Aluminum by 1,291.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after buying an additional 1,266 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum during the 1st quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 2,909 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Century Aluminum in the second quarter valued at approximately $124,000. Finally, AlphaQuest LLC grew its holdings in Century Aluminum by 177.6% in the first quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 4,459 shares during the period. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday. B. Riley increased their target price on Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Wall Street Zen downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. BMO Capital Markets upped their price target on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on Century Aluminum from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday. Four investment 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Insider Activity at Century Aluminum

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

Century Aluminum Stock Up 14.0%

Shares of NASDAQ CENX opened at $33.05 on Friday. The stock has a fifty day moving average price of $28.13 and a 200 day moving average price of $22.33. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $34.51. The company has a market cap of $3.08 billion, a P/E ratio of 28.49 and a beta of 2.51.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.23). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $632.20 million for the quarter, compared to analyst estimates of $629.85 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current fiscal 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.