Fisher Asset Management LLC Has $25.17 Million Position in Century Aluminum (NASDAQ:CENX)

Fisher Asset Management LLC cut its stake in Century Aluminum (NASDAQ:CENX) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,381,546 shares of the industrial products company’s stock after selling 273,270 shares during the quarter. Fisher Asset Management LLC’s holdings in Century Aluminum were worth $25,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Mountaineer Partners Management LLC increased its stake in shares of Century Aluminum by 1,607.1% in the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock worth $370,841,000 after acquiring an additional 21,510,639 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Century Aluminum by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock worth $20,774,000 after acquiring an additional 13,486 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock worth $15,565,000 after acquiring an additional 319,164 shares during the last quarter. Impala Asset Management LLC boosted its holdings in Century Aluminum by 6.4% in the third quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Century Aluminum by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock worth $7,910,000 after purchasing an additional 10,105 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were 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 directly owns 50,753 shares in the company, valued at $962,784.41. This represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CENX shares. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, December 3rd. BMO Capital Markets upgraded shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Monday, February 24th. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, B. Riley upped their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Century Aluminum Stock Down 4.9 %

CENX stock opened at $18.02 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a 52-week low of $10.06 and a 52-week high of $25.39. The company has a 50-day moving average of $19.28 and a two-hundred day moving average of $18.36. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 5.70 and a beta of 2.50.

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

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.