Aigen Investment Management LP Buys New Stake in Century Aluminum (NASDAQ:CENX)

Aigen Investment Management LP acquired a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,143 shares of the industrial products company's stock, valued at approximately $312,000.

Other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Century Aluminum in the 4th quarter worth $54,000. Nisa Investment Advisors LLC lifted its holdings in Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 2,000 shares during the period. Olympiad Research LP purchased a new stake in shares of Century Aluminum during the 3rd quarter worth $180,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Century Aluminum during the 3rd quarter worth $189,000. Finally, Covestor Ltd increased its holdings in shares of Century Aluminum by 612.1% in the 3rd quarter. Covestor Ltd now owns 13,993 shares of the industrial products company's stock valued at $227,000 after purchasing an additional 12,028 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares of the company's stock, valued at $962,784.41. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.68% of the stock is owned by company insiders.

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Century Aluminum Trading Up 5.8 %

NASDAQ CENX traded up $1.04 during trading hours on Wednesday, hitting $19.15. 2,201,626 shares of the company's stock were exchanged, compared to its average volume of 1,800,275. The business's 50 day moving average is $19.22 and its 200-day moving average is $18.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a 12-month low of $11.35 and a 12-month high of $25.39. The firm has a market capitalization of $1.77 billion, a P/E ratio of 6.06 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period in the prior year, the firm posted $0.39 EPS. As a group, analysts anticipate that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CENX shares. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price objective on the stock in a report on Tuesday, December 3rd. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Monday, February 24th.

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.