Century Aluminum (NASDAQ:CENX) Shares Sold by Aldebaran Capital LLC

Aldebaran Capital LLC cut its stake in shares of Century Aluminum (NASDAQ:CENX) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 61,975 shares of the industrial products company’s stock after selling 1,455 shares during the quarter. Century Aluminum comprises 1.1% of Aldebaran Capital LLC’s holdings, making the stock its 21st biggest position. Aldebaran Capital LLC’s holdings in Century Aluminum were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CENX. Charles Schwab Investment Management Inc. boosted its position in shares of Century Aluminum by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock valued at $7,910,000 after purchasing an additional 10,105 shares during the period. Cerity Partners LLC lifted its stake in Century Aluminum by 82.0% during the third quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company’s stock valued at $478,000 after buying an additional 13,263 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Century Aluminum by 381.3% in the third quarter. Verition Fund Management LLC now owns 117,513 shares of the industrial products company’s stock worth $1,907,000 after buying an additional 93,099 shares during the period. Paloma Partners Management Co purchased a new position in shares of Century Aluminum in the third quarter worth approximately $335,000. Finally, Centiva Capital LP acquired a new stake in shares of Century Aluminum during the third quarter valued at approximately $559,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

CENX stock opened at $17.46 on Friday. The firm has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $19.11. The stock has a market cap of $1.61 billion, a P/E ratio of 5.53 and a beta of 2.67. Century Aluminum has a 52 week low of $11.40 and a 52 week 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.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same period in the prior year, the firm posted $0.39 EPS. Research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

CENX has been the subject of a number of recent analyst reports. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday, February 24th. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

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.