Bank of America Corp DE Decreases Stock Holdings in Century Aluminum (NASDAQ:CENX)

Bank of America Corp DE decreased its stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 745,985 shares of the industrial products company's stock after selling 67,273 shares during the period. Bank of America Corp DE owned about 0.80% of Century Aluminum worth $13,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in shares of Century Aluminum during the 4th quarter valued at $39,000. AlphaQuest LLC grew its holdings in shares of Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after acquiring an additional 2,427 shares during the period. Nisa Investment Advisors LLC increased its position in Century Aluminum by 159.2% during 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Century Aluminum during the fourth quarter valued at $199,000. Finally, Inceptionr LLC bought a new position in Century Aluminum in the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insider Activity at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the sale, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

Century Aluminum Trading Down 2.3%

NASDAQ:CENX opened at $15.80 on Thursday. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The business has a fifty day moving average price of $16.88 and a 200-day moving average price of $19.01. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 5.00 and a beta of 2.70. 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 issued 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 return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $633.90 million during the quarter, compared to analysts' expectations of $643.80 million. Sell-side analysts forecast that Century Aluminum will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CENX shares. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Monday, February 24th. StockNews.com raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, May 9th.

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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