Hsbc Holdings PLC Sells 18,975 Shares of Century Aluminum (NASDAQ:CENX)

Hsbc Holdings PLC trimmed its position in Century Aluminum (NASDAQ:CENX - Free Report) by 39.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,641 shares of the industrial products company's stock after selling 18,975 shares during the period. Hsbc Holdings PLC's holdings in Century Aluminum were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after buying an additional 319,164 shares during the period. Barclays PLC boosted its position in shares of Century Aluminum by 266.5% during the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock valued at $1,581,000 after purchasing an additional 70,825 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Century Aluminum by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company's stock valued at $9,824,000 after purchasing an additional 51,770 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Century Aluminum in the 4th quarter worth approximately $337,000. Finally, Empowered Funds LLC raised its holdings in shares of Century Aluminum by 5.1% in the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock worth $1,059,000 after purchasing an additional 2,801 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CENX has been the topic of several recent research reports. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research report on Monday, February 24th. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday.

Insider Activity at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was 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 represents a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is currently owned by insiders.

Century Aluminum Trading Up 2.7 %

Shares of NASDAQ:CENX traded up $0.42 during mid-day trading on Friday, hitting $15.93. The stock had a trading volume of 2,215,130 shares, compared to its average volume of 1,400,424. The company's 50 day moving average is $17.21 and its 200-day moving average is $19.07. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company has a market cap of $1.49 billion, a PE ratio of 5.04 and a beta of 2.70.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). The business had revenue of $633.90 million during the quarter, compared to analysts' expectations of $643.80 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. On average, sell-side analysts predict that Century Aluminum will post 2.76 EPS for the current year.

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.