Century Aluminum Company $CENX Stock Holdings Trimmed by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its holdings in Century Aluminum Company by 31.1% during the first quarter, now owning 135,013 shares valued at $2,506,000.
• Equities analysts have given Century Aluminum mixed ratings; while B. Riley set a price target increase to $28.00, Wall Street Zen downgraded the stock from "buy" to "hold".
• The company's most recent earnings report showed a net margin of 4.94%, with earnings per share falling short of analyst expectations at ($0.05) compared to a consensus of $0.34.

Intech Investment Management LLC cut its holdings in Century Aluminum Company (NASDAQ:CENX - Free Report) by 31.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,013 shares of the industrial products company's stock after selling 61,035 shares during the quarter. Intech Investment Management LLC owned approximately 0.14% of Century Aluminum worth $2,506,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CENX. GAMMA Investing LLC lifted its stake in Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $101,000 after acquiring an additional 628 shares during the period. Empowered Funds LLC grew its holdings in shares of Century Aluminum by 1.8% in the first quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company's stock valued at $1,098,000 after purchasing an additional 1,069 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Century Aluminum in the first quarter worth $25,000. Wellington Management Group LLP lifted its position in shares of Century Aluminum by 0.6% during the fourth 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, Park Avenue Securities LLC grew its stake in shares of Century Aluminum by 12.9% during the first quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company's stock worth $388,000 after acquiring an additional 2,381 shares during the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. B. Riley boosted their price target on Century Aluminum from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Wall Street Zen lowered Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research raised Century Aluminum from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Century Aluminum in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, Century Aluminum has an average rating of "Buy" and an average target price of $25.67.

Insider Buying and Selling

In related news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the transaction, the senior vice president owned 62,589 shares of the company's stock, valued at approximately $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.76% of the company's stock.

Century Aluminum Trading Up 1.3%

Century Aluminum stock traded up $0.35 during trading on Wednesday, hitting $26.40. The company's stock had a trading volume of 1,525,544 shares, compared to its average volume of 1,434,563. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $26.85. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 22.76 and a beta of 2.55. The stock's fifty day moving average is $22.29 and its 200 day moving average is $19.13.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.39). Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The company had revenue of $628.10 million during the quarter, compared to analyst estimates of $606.10 million. As a group, equities research analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

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.