Fisher Asset Management LLC Cuts Position in Century Aluminum (NASDAQ:CENX)

Fisher Asset Management LLC reduced its holdings in shares of Century Aluminum (NASDAQ:CENX) by 9.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,110,312 shares of the industrial products company’s stock after selling 226,799 shares during the period. Fisher Asset Management LLC’s holdings in Century Aluminum were worth $25,619,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Strs Ohio lifted its holdings in shares of Century Aluminum by 625.0% during the 3rd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 7,500 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Century Aluminum by 35.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after buying an additional 2,405 shares during the period. Allworth Financial LP acquired a new stake in shares of Century Aluminum in the fourth quarter valued at about $68,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Century Aluminum by 34.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock valued at $81,000 after buying an additional 2,899 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Century Aluminum during the 3rd quarter worth approximately $101,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Up 3.3 %

NASDAQ:CENX opened at $16.81 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 1.67. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 7.71 and a beta of 2.67. Century Aluminum has a one year low of $5.70 and a one year high of $18.64. The stock has a 50-day simple moving average of $14.53 and a 200 day simple moving average of $11.13.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. The company had revenue of $512.30 million for the quarter, compared to analysts’ expectations of $514.40 million. Sell-side analysts predict that Century Aluminum will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CENX. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and increased their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, January 9th. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday.

About Century Aluminum

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.