Highland Peak Capital LLC Lowers Stock Holdings in Century Aluminum (NASDAQ:CENX)

Highland Peak Capital LLC lowered its holdings in Century Aluminum (NASDAQ:CENX) by 28.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,341 shares of the industrial products company’s stock after selling 25,541 shares during the period. Century Aluminum makes up 0.4% of Highland Peak Capital LLC’s investment portfolio, making the stock its 16th largest position. Highland Peak Capital LLC owned about 0.07% of Century Aluminum worth $1,078,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Century Aluminum by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 850,179 shares of the industrial products company’s stock worth $10,321,000 after buying an additional 48,631 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Century Aluminum by 26.4% in the fourth quarter. BNP Paribas Financial Markets now owns 160,950 shares of the industrial products company’s stock worth $1,954,000 after purchasing an additional 33,621 shares during the period. Dimensional Fund Advisors LP increased its stake in Century Aluminum by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock worth $39,380,000 after buying an additional 42,167 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Century Aluminum during the fourth quarter worth about $287,000. Finally, Crestline Management LP bought a new stake in shares of Century Aluminum during the fourth quarter valued at approximately $976,000. 61.59% of the stock is currently owned by institutional investors.

Insider Activity at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 60,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total value of $972,600.00. Following the transaction, the chief executive officer now owns 62,447 shares in the company, valued at approximately $1,012,265.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Century Aluminum Trading Up 4.1 %

Century Aluminum stock opened at $14.20 on Tuesday. The firm has a market cap of $1.32 billion, a PE ratio of 6.51 and a beta of 2.48. Century Aluminum has a 12 month low of $5.70 and a 12 month high of $21.37. The stock’s 50 day simple moving average is $14.73 and its two-hundred day simple moving average is $15.62. 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 results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. The firm had revenue of $560.80 million for the quarter, compared to analyst estimates of $530.90 million. Analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

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

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.