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

Highland Peak Capital LLC lessened its holdings in shares of Century Aluminum (NASDAQ:CENX) by 28.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 64,341 shares of the industrial products company’s stock after selling 25,541 shares during the period. Century Aluminum accounts for 0.4% of Highland Peak Capital LLC’s investment portfolio, making the stock its 16th biggest holding. Highland Peak Capital LLC’s holdings in Century Aluminum were worth $1,078,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in shares of Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,787 shares during the last quarter. GAMMA Investing LLC increased its position in Century Aluminum by 199.8% during the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,918 shares during the period. Quest Partners LLC lifted its stake in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Century Aluminum by 7,779.8% in the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 6,924 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Century Aluminum during the first quarter worth approximately $161,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. B. Riley reduced their price target on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th. BMO Capital Markets reduced their target price on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Century Aluminum Stock Performance

NASDAQ CENX opened at $14.20 on Tuesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6.51 and a beta of 2.48. The business’s 50 day moving average is $14.73 and its two-hundred day moving average is $15.62. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $21.37. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. Research analysts expect that Century Aluminum will post 0.07 EPS for the current year.

Insider Activity

In related news, CEO Jesse E. Gary sold 60,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the sale, the chief executive officer now owns 62,447 shares of the company’s stock, valued at $1,012,265.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

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.