Century Aluminum (NASDAQ:CENX) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its stake in shares of Century Aluminum (NASDAQ:CENX) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,203 shares of the industrial products company’s stock after selling 4,000 shares during the period. Public Sector Pension Investment Board owned approximately 0.12% of Century Aluminum worth $1,789,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MQS Management LLC raised its holdings in shares of Century Aluminum by 8.1% during the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 883 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Century Aluminum by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock worth $467,000 after buying an additional 1,335 shares during the period. Quest Partners LLC grew its holdings in shares of Century Aluminum by 104.1% during the second 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Century Aluminum by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after buying an additional 1,641 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

CENX stock opened at $23.92 on Friday. The firm has a 50 day moving average of $19.35 and a two-hundred day moving average of $16.98. Century Aluminum has a 12 month low of $7.28 and a 12 month high of $25.39. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 8.00 and a beta of 2.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to analyst estimates 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 last year, the company earned ($0.13) earnings per share. As a group, equities analysts anticipate that Century Aluminum will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CENX. B. Riley lifted their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. BMO Capital Markets upped their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research report on Tuesday.

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.