Dimensional Fund Advisors LP Cuts Position in Century Aluminum (NASDAQ:CENX)

Dimensional Fund Advisors LP decreased its position in shares of Century Aluminum (NASDAQ:CENX) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,947,592 shares of the industrial products company’s stock after selling 267,040 shares during the period. Dimensional Fund Advisors LP owned about 3.18% of Century Aluminum worth $49,369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 worth $89,567,000 after acquiring an additional 39,900 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Century Aluminum by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after buying an additional 276,304 shares in the last quarter. Castle Hook Partners LP boosted its stake in Century Aluminum by 1,147.0% in the first quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock valued at $15,034,000 after acquiring an additional 898,554 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Century Aluminum by 125.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock valued at $8,906,000 after purchasing an additional 296,101 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Century Aluminum by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock worth $6,144,000 after acquiring an additional 1,641 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

NASDAQ CENX opened at $16.15 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. Century Aluminum has a 1-year low of $5.70 and a 1-year high of $21.37. The firm has a market capitalization of $1.50 billion, a P/E ratio of 7.41 and a beta of 2.48. The business’s 50-day simple moving average is $14.11 and its 200-day simple moving average is $15.87.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. Equities analysts predict that Century Aluminum will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

CENX has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, August 9th. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Finally, B. Riley dropped their price target on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

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.