Assenagon Asset Management S.A. Has $5.53 Million Stock Position in Century Aluminum Company (NASDAQ:CENX)

Assenagon Asset Management S.A. trimmed its position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) by 23.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,781 shares of the industrial products company's stock after selling 92,446 shares during the quarter. Assenagon Asset Management S.A. owned 0.32% of Century Aluminum worth $5,527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Century Aluminum in the 4th quarter valued at $39,000. AlphaQuest LLC raised its stake in shares of Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 2,427 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 628 shares in the last quarter. Corton Capital Inc. bought a new stake in shares of Century Aluminum in the fourth quarter valued at about $189,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Century Aluminum during the fourth quarter worth about $199,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Down 3.3%

Shares of Century Aluminum stock traded down $0.60 during trading hours on Wednesday, reaching $17.41. 899,496 shares of the company's stock were exchanged, compared to its average volume of 1,448,662. Century Aluminum Company has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The stock has a market cap of $1.62 billion, a P/E ratio of 14.77 and a beta of 2.54. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $16.91 and a two-hundred day moving average of $18.45.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. The firm had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. On average, sell-side analysts forecast that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

CENX has been the topic of a number of recent research reports. 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 research report on Monday, February 24th. Wall Street Zen upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, May 9th.

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.