Assenagon Asset Management S.A. Sells 92,446 Shares of Century Aluminum (NASDAQ:CENX)

Assenagon Asset Management S.A. lessened its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 23.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 297,781 shares of the industrial products company's stock after selling 92,446 shares during the period. Assenagon Asset Management S.A. owned 0.32% of Century Aluminum worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CENX. Empowered Funds LLC raised its stake in Century Aluminum by 5.1% in the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock valued at $1,059,000 after acquiring an additional 2,801 shares during the period. Congress Asset Management Co. grew its position in shares of Century Aluminum by 7.0% in the fourth quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company's stock valued at $3,982,000 after purchasing an additional 14,223 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Century Aluminum by 5.9% in the fourth quarter. Principal Financial Group Inc. now owns 319,702 shares of the industrial products company's stock valued at $5,825,000 after purchasing an additional 17,710 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Century Aluminum by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 347,045 shares of the industrial products company's stock valued at $6,323,000 after purchasing an additional 19,129 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Century Aluminum by 63.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 44,111 shares of the industrial products company's stock valued at $804,000 after purchasing an additional 17,134 shares during the last quarter. Institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Up 0.2%

Shares of CENX traded up $0.03 during trading hours on Friday, hitting $19.06. The stock had a trading volume of 1,158,959 shares, compared to its average volume of 1,451,597. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $18.51. The firm has a market capitalization of $1.78 billion, a P/E ratio of 6.03 and a beta of 2.54. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The firm had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. Sell-side analysts predict that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

CENX has been the topic of a number of analyst reports. Wall Street Zen raised Century Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Monday, February 24th.

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.