GSA Capital Partners LLP Sells 41,612 Shares of Century Aluminum (NASDAQ:CENX)

GSA Capital Partners LLP trimmed its holdings in Century Aluminum (NASDAQ:CENX) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,324 shares of the industrial products company’s stock after selling 41,612 shares during the period. GSA Capital Partners LLP owned about 0.09% of Century Aluminum worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CENX. Texas Permanent School Fund Corp grew its position in shares of Century Aluminum by 2.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 1,102 shares during the period. SG Americas Securities LLC acquired a new position in shares of Century Aluminum in the first quarter valued at approximately $601,000. Russell Investments Group Ltd. increased its position in shares of Century Aluminum by 7,779.8% during the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 6,924 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Century Aluminum during the first quarter worth $163,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Century Aluminum by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock valued at $89,567,000 after purchasing an additional 39,900 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CENX. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. B. Riley increased their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets upped their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th.

Century Aluminum Stock Performance

NASDAQ CENX opened at $20.69 on Thursday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 6.92 and a beta of 2.47. 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 firm’s fifty day moving average price is $16.60 and its two-hundred day moving average price is $16.39. Century Aluminum has a 1 year low of $7.00 and a 1 year high of $22.77.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The company had revenue of $539.10 million for the quarter, compared to analysts’ expectations of $587.10 million. During the same period in the prior year, the firm earned ($0.13) EPS. As a group, research analysts anticipate that Century Aluminum will post 0.56 EPS for the current 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.