Arrowstreet Capital Limited Partnership Grows Stake in Century Aluminum (NASDAQ:CENX)

Arrowstreet Capital Limited Partnership raised its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 348.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,970 shares of the industrial products company's stock after acquiring an additional 386,133 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.54% of Century Aluminum worth $9,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Century Aluminum by 49.9% during the 3rd 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. Barclays PLC lifted its position in shares of Century Aluminum by 266.5% during the third quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock worth $1,581,000 after purchasing an additional 70,825 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Century Aluminum by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company's stock valued at $9,824,000 after purchasing an additional 51,770 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Century Aluminum by 17.0% in the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock worth $4,901,000 after purchasing an additional 43,881 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Century Aluminum in the 4th quarter worth about $337,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

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Insider Buying and Selling

In related news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on CENX shares. StockNews.com cut shares of Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Monday, February 24th.

Century Aluminum Stock Up 6.6 %

Shares of CENX stock traded up $0.96 on Friday, hitting $15.60. The stock had a trading volume of 2,101,309 shares, compared to its average volume of 1,402,192. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The business has a 50 day moving average price of $18.60 and a 200 day moving average price of $19.13. The company has a market cap of $1.44 billion, a PE ratio of 4.94 and a beta of 2.56. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating 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 business had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. During the same quarter in the previous year, the business posted $0.39 EPS. Research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

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.