Hsbc Holdings PLC Has $460,000 Stock Holdings in Century Aluminum Company $CENX

Hsbc Holdings PLC decreased its stake in Century Aluminum Company (NASDAQ:CENX) by 52.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,732 shares of the industrial products company’s stock after selling 13,158 shares during the period. Hsbc Holdings PLC’s holdings in Century Aluminum were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lido Advisors LLC boosted its position in Century Aluminum by 1.5% during the fourth quarter. Lido Advisors LLC now owns 12,911 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 196 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Century Aluminum by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 308 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Century Aluminum by 48.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 386 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Century Aluminum by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after purchasing an additional 441 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Century Aluminum by 0.8% during the third quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock worth $1,584,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CENX. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. B. Riley Financial lowered their price objective on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings cut shares of Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Finally, BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Century Aluminum Trading Down 3.0%

CENX stock opened at $42.60 on Friday. Century Aluminum Company has a one year low of $19.39 and a one year high of $70.43. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 12.72 and a beta of 1.96. The company has a fifty day moving average price of $55.05 and a two-hundred day moving average price of $53.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.