Century Aluminum (NASDAQ:CENX) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,279 shares of the industrial products company's stock after buying an additional 183,875 shares during the period. Bridgewater Associates LP owned about 0.46% of Century Aluminum worth $7,858,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in Century Aluminum during the fourth quarter worth approximately $39,000. AlphaQuest LLC grew its position in shares of Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Century Aluminum during the 4th quarter worth $54,000. Nisa Investment Advisors LLC lifted its position 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 last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Century Aluminum in the fourth quarter valued at $199,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were 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 in the company, 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 at this link. Company insiders own 0.68% of the company's stock.

Century Aluminum Stock Performance

Century Aluminum stock traded down $0.49 during mid-day trading on Monday, reaching $15.10. 557,968 shares of the company were exchanged, compared to its average volume of 1,388,939. The firm's 50-day simple moving average is $18.21 and its two-hundred day simple moving average is $19.13. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The firm has a market cap of $1.39 billion, a PE ratio of 4.78 and a beta of 2.56. 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 issued its quarterly earnings results 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 firm 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 last year, the company earned $0.39 earnings per share. Equities analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.