2 weeks Ago By Defense World Staff
Cerity Partners LLC lowered its stake in Century Aluminum (NASDAQ:CENX – Free Report) by 49.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,008 shares of the industrial products company’s stock after selling 14,433 shares during the period.
Cerity Partners LLC’s holdings in Century Aluminum were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Century Aluminum by 159.
2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 2,000 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Century Aluminum in the 4th quarter valued at approximately $39,000.
Franklin Resources Inc. raised its holdings in shares of Century Aluminum by 7.9% in the 3rd quarter.
Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 2,198 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Century Aluminum by 0.
6% during the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock worth $7,499,000 after purchasing an additional 2,358 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Century Aluminum by 2,889.
3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 2,427 shares in the last quarter. Hedge funds and other institutional investors own 61.
59% of the company’s stock. Insider Transactions at Century AluminumIn related news, CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction on Friday, March 14th.
The shares were sold at an average price of $19.99, for a total value of $49,975.00.
Following the completion of the sale, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This represents a 3.
75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.
68% of the company’s stock. Century Aluminum Stock PerformanceNASDAQ CENX opened at $17.25 on Friday.
The company has a fifty day moving average of $17.84 and a two-hundred day moving average of $19.10.
The company has a market capitalization of $1.59 billion, a PE ratio of 5.46 and a beta of 2.
56. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.
39. 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 (NASDAQ:CENX – Get Free Report) last announced its 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. The firm had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.
27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.
69%. During the same period in the prior year, the firm earned $0.39 EPS.
As a group, analysts expect that Century Aluminum will post 2.76 earnings per share for the current year. Analysts Set New Price TargetsCENX has been the topic of a number of analyst reports.
BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Monday, February 24th. StockNews.
com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.Check Out Our Latest Analysis on Century AluminumAbout Century Aluminum (Free Report)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.
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