Fisher Asset Management LLC Sells 368,143 Shares of Century Aluminum (NASDAQ:CENX)

Fisher Asset Management LLC reduced its stake in shares of Century Aluminum (NASDAQ:CENX) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,654,816 shares of the industrial products company’s stock after selling 368,143 shares during the period. Fisher Asset Management LLC owned 1.78% of Century Aluminum worth $26,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MQS Management LLC raised 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 worth $198,000 after acquiring an additional 883 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 1,233 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 1,335 shares during the period. Quest Partners LLC raised its holdings in Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Century Aluminum by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock worth $6,144,000 after purchasing an additional 1,641 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Trading Up 2.6 %

NASDAQ:CENX opened at $23.84 on Wednesday. Century Aluminum has a 12 month low of $7.28 and a 12 month high of $24.21. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 7.97 and a beta of 2.47. The firm has a fifty day simple moving average of $18.15 and a two-hundred day simple moving average of $16.69.

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

Analyst Ratings Changes

CENX has been the subject of a number of analyst reports. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. B. Riley boosted their price objective on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets raised their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th.

Century Aluminum Profile

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.