Y Intercept Hong Kong Ltd Reduces Stock Holdings in Century Aluminum (NASDAQ:CENX)

Y Intercept Hong Kong Ltd lessened its stake in shares of Century Aluminum (NASDAQ:CENX) by 52.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,262 shares of the industrial products company’s stock after selling 26,594 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Century Aluminum were worth $394,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC raised its stake in shares of 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 acquiring an additional 1,385 shares during the period. GAMMA Investing LLC raised its position in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,233 shares during the period. Olympiad Research LP purchased a new stake in Century Aluminum in the 3rd quarter worth about $180,000. Dynamic Technology Lab Private Ltd bought a new stake in Century Aluminum in the third quarter worth about $189,000. Finally, MQS Management LLC boosted its position in shares of Century Aluminum by 8.1% during the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after buying an additional 883 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CENX shares. BMO Capital Markets increased their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. B. Riley boosted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Tuesday, December 3rd. Finally, StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

Century Aluminum Trading Down 2.2 %

NASDAQ CENX opened at $20.41 on Tuesday. Century Aluminum has a one year low of $9.65 and a one year 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. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 6.83 and a beta of 2.50. The company’s 50-day simple moving average is $20.29 and its two-hundred day simple moving average is $17.17.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period last year, the company posted ($0.13) earnings per share. Equities analysts forecast that Century Aluminum will post 0.56 EPS for the current fiscal year.

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.