Algert Global LLC Has $1.43 Million Stake in Century Aluminum (NASDAQ:CENX)

Algert Global LLC trimmed its position in shares of Century Aluminum (NASDAQ:CENX) by 46.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,008 shares of the industrial products company’s stock after selling 77,228 shares during the quarter. Algert Global LLC’s holdings in Century Aluminum were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CENX. Quest Partners LLC lifted its holdings in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,233 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after buying an additional 6,924 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Century Aluminum during the 3rd quarter valued at about $180,000. Finally, MQS Management LLC lifted its holdings in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after buying an additional 883 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Stock Down 3.4 %

CENX opened at $23.04 on Friday. The business has a 50 day moving average price of $18.51 and a 200 day moving average price of $16.78. Century Aluminum has a twelve month low of $7.28 and a twelve month high of $24.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The firm has a market cap of $2.14 billion, a P/E ratio of 7.71 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period in the previous year, the business posted ($0.13) EPS. Research analysts forecast that Century Aluminum will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CENX. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. B. Riley boosted their target price on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets boosted their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th.

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.