Goldman Sachs Group Inc. decreased its position in shares of Century Aluminum Co (NASDAQ:CENX) by 70.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,570 shares of the industrial products company’s stock after selling 356,293 shares during the quarter. Goldman Sachs Group Inc. owned 0.17% of Century Aluminum worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in Century Aluminum by 97.1% in the first quarter. SG Americas Securities LLC now owns 25,347 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 12,485 shares during the period. Aperio Group LLC raised its holdings in shares of Century Aluminum by 26.0% in the 1st quarter. Aperio Group LLC now owns 74,126 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 15,298 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Century Aluminum by 6.8% in the 1st quarter. Rhumbline Advisers now owns 182,083 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 11,578 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Century Aluminum by 65.8% in the 1st quarter. Russell Investments Group Ltd. now owns 179,269 shares of the industrial products company’s stock valued at $648,000 after purchasing an additional 71,117 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Century Aluminum by 8.5% in the 1st quarter. State Street Corp now owns 1,648,311 shares of the industrial products company’s stock valued at $5,967,000 after purchasing an additional 129,597 shares in the last quarter. Hedge funds and other institutional investors own 50.59% of the company’s stock.

NASDAQ:CENX opened at $7.11 on Monday. The company has a market cap of $636.24 million, a PE ratio of -11.66 and a beta of 1.93. Century Aluminum Co has a twelve month low of $2.91 and a twelve month high of $11.33. The company has a current ratio of 2.13, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $9.61 and its two-hundred day moving average is $6.62.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, August 5th. The industrial products company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The company had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $401.60 million. Century Aluminum had a negative return on equity of 9.50% and a negative net margin of 3.49%. As a group, analysts expect that Century Aluminum Co will post -0.71 EPS for the current fiscal year.

In other Century Aluminum news, EVP John E. Hoerner sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $9.09, for a total transaction of $90,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael A. Bless sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $10.27, for a total transaction of $359,450.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,490 shares of company stock worth $1,260,596. 1.20% of the stock is owned by insiders.

Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Century Aluminum from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $6.00 to $7.00 in a report on Thursday, June 25th. BidaskClub downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 22nd. Finally, ValuEngine raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $5.83.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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