Edgestream Partners L.P. Invests $2.16 Million in Century Aluminum (NASDAQ:CENX)

Edgestream Partners L.P. purchased a new position in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 133,060 shares of the industrial products company's stock, valued at approximately $2,160,000. Edgestream Partners L.P. owned about 0.14% of Century Aluminum at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Quest Partners LLC lifted its holdings in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 1,385 shares during the period. GAMMA Investing LLC lifted its stake in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 1,233 shares during the period. Olympiad Research LP purchased a new stake in Century Aluminum during the third quarter worth about $180,000. Dynamic Technology Lab Private Ltd acquired a new position in Century Aluminum during the third quarter worth about $189,000. Finally, MQS Management LLC increased its holdings in Century Aluminum by 8.1% in the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock valued at $198,000 after buying an additional 883 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Trading Up 5.6 %

Shares of NASDAQ CENX traded up $1.26 during midday trading on Tuesday, reaching $23.94. 1,517,207 shares of the stock were exchanged, compared to its average volume of 1,258,631. The stock has a 50 day moving average price of $19.01 and a 200-day moving average price of $16.89. 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 company has a market capitalization of $2.22 billion, a P/E ratio of 8.01 and a beta of 2.50. Century Aluminum has a 52-week low of $7.28 and a 52-week high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.31. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. The company had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. During the same quarter in the prior year, the company posted ($0.13) EPS. Equities research analysts expect that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CENX shares. BMO Capital Markets upped their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. Wolfe Research raised Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a report on Tuesday. B. Riley lifted their price target on Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Saturday, November 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.