American International Group Inc. decreased its position in shares of Century Aluminum Company (NASDAQ:CENX) by 15.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,727 shares of the industrial products company’s stock after selling 5,799 shares during the period. American International Group Inc.’s holdings in Century Aluminum were worth $390,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Century Aluminum by 67.1% in the first quarter. Bank of Montreal Can now owns 232,782 shares of the industrial products company’s stock worth $2,954,000 after buying an additional 93,446 shares during the last quarter. Clinton Group Inc. bought a new position in shares of Century Aluminum during the first quarter worth about $143,000. Russell Investments Group Ltd. bought a new position in shares of Century Aluminum during the fourth quarter worth about $639,000. State Street Corp boosted its position in shares of Century Aluminum by 270.8% in the fourth quarter. State Street Corp now owns 3,747,028 shares of the industrial products company’s stock worth $32,077,000 after buying an additional 2,736,588 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Century Aluminum by 1.6% in the first quarter. Arizona State Retirement System now owns 25,937 shares of the industrial products company’s stock worth $329,000 after buying an additional 400 shares during the last quarter. 66.58% of the stock is owned by institutional investors.
Century Aluminum Company (NASDAQ:CENX) opened at 17.60 on Tuesday. The company has a 50 day moving average price of $14.73 and a 200-day moving average price of $13.15. Century Aluminum Company has a 12-month low of $5.53 and a 12-month high of $17.83. The company’s market capitalization is $1.54 billion.
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The firm had revenue of $365.80 million during the quarter, compared to the consensus estimate of $364.33 million. Century Aluminum had a negative return on equity of 5.85% and a negative net margin of 18.40%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned ($0.23) earnings per share. On average, analysts anticipate that Century Aluminum Company will post $0.83 EPS for the current year.
A number of research analysts have issued reports on CENX shares. BMO Capital Markets reissued a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a report on Wednesday, April 26th. Cowen and Company cut their price objective on Century Aluminum from $11.00 to $8.00 and set a “market perform” rating for the company in a report on Wednesday, April 19th. Zacks Investment Research cut Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Deutsche Bank AG raised Century Aluminum from a “sell” rating to a “hold” rating and lifted their price objective for the company from $10.00 to $15.00 in a report on Friday, June 23rd. Seven analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $14.00.
In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $14.88, for a total value of $410,955.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.
About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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