Century Aluminum Company $CENX Holdings Decreased by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. trimmed its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 25.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,000 shares of the industrial products company’s stock after selling 83,200 shares during the period. Century Aluminum makes up about 1.5% of Icon Advisers Inc. Co.’s holdings, making the stock its 13th biggest position. Icon Advisers Inc. Co.’s holdings in Century Aluminum were worth $6,498,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Century Aluminum by 22.1% during the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock worth $724,000 after acquiring an additional 7,051 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the 1st quarter valued at about $25,000. Empowered Funds LLC lifted its position 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 worth $1,098,000 after purchasing an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Century Aluminum by 21.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock worth $2,301,000 after purchasing an additional 21,702 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Century Aluminum by 18.6% during the second quarter. Teacher Retirement System of Texas now owns 39,630 shares of the industrial products company’s stock worth $714,000 after purchasing an additional 6,216 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Down 0.4%

Shares of Century Aluminum stock opened at $53.69 on Friday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 134.23 and a beta of 2.17. The stock has a 50-day simple moving average of $48.15 and a 200-day simple moving average of $35.49. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $56.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 EPS for the quarter, hitting analysts’ consensus estimates of $1.25. The firm had revenue of $633.70 million for the quarter, compared to the consensus estimate of $661.63 million. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, equities research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CENX shares. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their target price on shares of Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. B. Riley Financial boosted their price target on shares of Century Aluminum from $64.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets upped their price target on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $54.33.

Insider Buying and Selling at Century Aluminum

In other news, SVP Matt Aboud sold 2,971 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total transaction of $156,482.57. Following the transaction, the senior vice president owned 64,843 shares in the company, valued at $3,415,280.81. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Robert F. Hoffman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $56.33, for a total transaction of $563,300.00. Following the transaction, the chief accounting officer owned 67,172 shares in the company, valued at $3,783,798.76. This represents a 12.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 241,097 shares of company stock valued at $11,932,418. 0.76% of the stock is currently owned by insiders.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.