Alpha DNA Investment Management LLC bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,503 shares of the industrial products company's stock, valued at approximately $446,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Pertento Partners LLP bought a new stake in shares of Century Aluminum during the fourth quarter valued at about $7,678,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Century Aluminum by 348.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock worth $9,055,000 after acquiring an additional 386,133 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after acquiring an additional 319,164 shares during the period. Cohen & Steers Inc. bought a new stake in Century Aluminum during the fourth quarter worth approximately $3,485,000. Finally, Bridgewater Associates LP lifted its position in Century Aluminum by 74.3% in the fourth quarter. Bridgewater Associates LP now owns 431,279 shares of the industrial products company's stock worth $7,858,000 after purchasing an additional 183,875 shares during the period. Institutional investors and hedge funds own 61.59% of the company's stock.
Insiders Place Their Bets
In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the sale, the chief accounting officer now owns 64,083 shares of the company's stock, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.68% of the company's stock.
Analyst Ratings Changes
CENX has been the topic of a number of research reports. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. BMO Capital Markets upgraded 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.
View Our Latest Report on CENX
Century Aluminum Trading Down 2.6 %
Shares of Century Aluminum stock traded down $0.40 on Monday, reaching $15.19. 1,276,709 shares of the company were exchanged, compared to its average volume of 1,391,715. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 4.81 and a beta of 2.56. The stock has a fifty day moving average price of $18.11 and a 200-day moving average price of $19.13.
Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The company had revenue of $631.00 million during the quarter, compared to analysts' expectations of $515.27 million. During the same period last year, the company posted $0.39 earnings per share. On average, analysts expect that Century Aluminum will post 2.76 EPS for the current year.
About Century Aluminum
(
Free Report)
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.
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