Century Aluminum (NASDAQ:CENX) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its position in shares of Century Aluminum (NASDAQ:CENX) by 39.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,700 shares of the industrial products company’s stock after selling 82,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Century Aluminum were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Century Aluminum by 159.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 2,000 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Century Aluminum by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 2,198 shares during the period. AlphaQuest LLC increased its position in shares of Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 2,427 shares during the last quarter. Empowered Funds LLC raised its holdings in Century Aluminum by 5.1% in the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company’s stock valued at $1,059,000 after buying an additional 2,801 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Century Aluminum in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CENX shares. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Monday, February 24th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.

Insiders Place Their Bets

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jesse E. Gary sold 29,243 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the sale, the chief executive officer now owns 50,753 shares in the company, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Century Aluminum Stock Performance

NASDAQ CENX opened at $19.32 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The company has a market cap of $1.78 billion, a P/E ratio of 6.11 and a beta of 2.67. The stock has a 50-day moving average of $19.41 and a two-hundred day moving average of $18.78. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

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.