Century Aluminum (NASDAQ:CENX) Shares Sold by Crestline Management LP

Crestline Management LP trimmed its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 436,997 shares of the industrial products company's stock after selling 78,158 shares during the period. Crestline Management LP owned approximately 0.47% of Century Aluminum worth $7,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CENX. Barclays PLC grew its stake in shares of Century Aluminum by 266.5% during the third quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock valued at $1,581,000 after acquiring an additional 70,825 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Century Aluminum by 7.9% in the third 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 during the last quarter. JPMorgan Chase & Co. grew its stake in Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after purchasing an additional 319,164 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Century Aluminum during the 4th quarter worth approximately $54,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Century Aluminum in the 4th quarter valued at approximately $337,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Monday, February 24th. StockNews.com downgraded shares of Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th.

Insider Activity

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares of the company's stock, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.68% of the company's stock.

Century Aluminum Price Performance

Shares of CENX opened at $16.38 on Tuesday. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 5.18 and a beta of 2.70. The stock has a 50 day moving average of $17.43 and a 200-day moving average of $19.13.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $631.00 million during the quarter, compared to the consensus estimate of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, analysts forecast that Century Aluminum will post 2.76 EPS for the current year.

Century Aluminum Company 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.

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