Bridgewater Associates LP Has $4.02 Million Stake in Century Aluminum (NASDAQ:CENX)

Bridgewater Associates LP grew its position in Century Aluminum (NASDAQ:CENX - Free Report) by 232.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 247,404 shares of the industrial products company's stock after acquiring an additional 172,903 shares during the period. Bridgewater Associates LP owned 0.27% of Century Aluminum worth $4,015,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. MQS Management LLC raised its position in Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock worth $198,000 after purchasing an additional 883 shares during the last quarter. GAMMA Investing LLC raised its position in Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after purchasing an additional 1,233 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company's stock worth $467,000 after purchasing an additional 1,335 shares during the last quarter. Quest Partners LLC raised its position in Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Century Aluminum by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company's stock worth $6,144,000 after purchasing an additional 1,641 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Trading Down 0.9 %

Shares of CENX stock traded down $0.21 during mid-day trading on Friday, hitting $22.83. The company's stock had a trading volume of 527,335 shares, compared to its average volume of 1,323,981. The company's fifty day simple moving average is $18.85 and its 200-day simple moving average is $16.86. Century Aluminum has a 52 week low of $7.28 and a 52 week high of $24.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company has a market cap of $2.12 billion, a PE ratio of 7.64 and a beta of 2.47.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CENX shares. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. B. Riley raised their target price on Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets raised their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th.

Century Aluminum Company 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.