Fisher Asset Management LLC Sells 97,010 Shares of Century Aluminum Company $CENX

Fisher Asset Management LLC reduced its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 966,575 shares of the industrial products company’s stock after selling 97,010 shares during the quarter. Fisher Asset Management LLC’s holdings in Century Aluminum were worth $28,379,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings 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 valued at $724,000 after acquiring an additional 7,051 shares during the period. Jones Financial Companies Lllp bought a new stake in Century Aluminum in the first quarter valued at approximately $25,000. Empowered Funds LLC boosted its stake in shares of Century Aluminum by 1.8% during the first quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after purchasing an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Century Aluminum by 21.2% during 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 valued at $2,301,000 after purchasing an additional 21,702 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Century Aluminum by 18.6% in 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 last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Insider Activity at Century Aluminum

In related news, EVP John Dezee sold 66,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $50.72, for a total value of $3,347,520.00. Following the sale, the executive vice president directly owned 97,647 shares of the company’s stock, valued at $4,952,655.84. This represents a 40.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse E. Gary sold 150,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $48.19, for a total value of $7,228,500.00. Following the transaction, the chief executive officer directly owned 292,580 shares of the company’s stock, valued at $14,099,430.20. This represents a 33.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.68% of the stock is currently owned by corporate insiders.

Century Aluminum Stock Up 3.1%

Shares of NASDAQ CENX opened at $52.92 on Wednesday. The firm has a fifty day simple moving average of $47.32 and a two-hundred day simple moving average of $35.02. Century Aluminum Company has a 12 month low of $13.05 and a 12 month high of $55.99. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.94 billion, a PE ratio of 132.30 and a beta of 2.17.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. Century Aluminum had a net margin of 1.65% and a return on equity of 5.55%. The company had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $661.63 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. Century Aluminum’s quarterly revenue was up .4% on a year-over-year basis. Equities analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

CENX has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. Wells Fargo & Company upped their price objective 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 increased their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets boosted their price target on Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $54.33.

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.