Hsbc Holdings PLC Sells 13,158 Shares of Century Aluminum Company $CENX

Hsbc Holdings PLC decreased its position in Century Aluminum Company (NASDAQ:CENX) by 52.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,732 shares of the industrial products company’s stock after selling 13,158 shares during the quarter. Hsbc Holdings PLC’s holdings in Century Aluminum were worth $460,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Century Aluminum during the 4th quarter worth approximately $28,000. Transamerica Financial Advisors LLC bought a new stake in Century Aluminum in the 4th quarter valued at $40,000. Advisory Services Network LLC acquired a new position in shares of Century Aluminum in the third quarter valued at about $34,000. Smartleaf Asset Management LLC increased its position in Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 386 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Century Aluminum by 68.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,218 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 497 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CENX shares. Weiss Ratings downgraded shares of Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Zacks Research cut shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. B. Riley Financial dropped their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Wells Fargo & Company boosted their price target on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Century Aluminum currently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Century Aluminum Stock Down 3.0%

CENX stock opened at $42.60 on Friday. The stock has a market capitalization of $4.22 billion, a P/E ratio of 12.72 and a beta of 1.96. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. Century Aluminum Company has a 12 month low of $19.39 and a 12 month high of $70.43. The firm has a 50-day moving average price of $55.05 and a 200-day moving average price of $53.76.

About Century Aluminum

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.