Capital Fund Management S.A. Buys New Position in Century Aluminum (NASDAQ:CENX)

Capital Fund Management S.A. purchased a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,629 shares of the industrial products company's stock, valued at approximately $503,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Century Aluminum by 159.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 2,000 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Century Aluminum during the fourth quarter worth about $39,000. Franklin Resources Inc. increased its stake in Century Aluminum by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company's stock valued at $524,000 after purchasing an additional 2,198 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Century Aluminum by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock valued at $7,499,000 after purchasing an additional 2,358 shares during the period. Finally, AlphaQuest LLC lifted its position in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 2,427 shares during the period. Institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Down 4.0 %

Shares of NASDAQ:CENX traded down $0.63 during trading hours on Monday, reaching $14.96. The stock had a trading volume of 506,841 shares, compared to its average volume of 1,388,689. The firm's 50 day moving average is $18.21 and its 200-day moving average is $19.13. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 4.73 and a beta of 2.56. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. 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 (NASDAQ:CENX - Get Free Report) last posted its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $631.00 million during the quarter, compared to the consensus estimate of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same period in the previous year, the business earned $0.39 EPS. Research analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Century Aluminum from a "hold" rating to a "sell" rating in a 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 target price on the stock in a research note on Monday, February 24th.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company's stock.

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.