Quantbot Technologies LP Reduces Stock Position in Century Aluminum (NASDAQ:CENX)

Quantbot Technologies LP lessened its position in Century Aluminum (NASDAQ:CENX - Free Report) by 46.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,545 shares of the industrial products company's stock after selling 43,692 shares during the period. Quantbot Technologies LP owned 0.05% of Century Aluminum worth $903,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mountaineer Partners Management LLC raised its holdings in shares of Century Aluminum by 1,607.1% during the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company's stock valued at $370,841,000 after acquiring an additional 21,510,639 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 purchasing an additional 319,164 shares during the period. Yaupon Capital Management LP raised its holdings in Century Aluminum by 401.5% in the 3rd quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company's stock worth $5,226,000 after purchasing an additional 257,812 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Century Aluminum in the 3rd quarter worth about $4,163,000. Finally, Bridgewater Associates LP lifted its position in shares of Century Aluminum by 232.1% in the 3rd quarter. Bridgewater Associates LP now owns 247,404 shares of the industrial products company's stock worth $4,015,000 after purchasing an additional 172,903 shares during the period. Hedge funds and other institutional investors own 61.59% of the company's stock.

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Insiders Place Their Bets

In other Century Aluminum 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 transaction of $49,975.00. Following the completion of the sale, the chief accounting officer now directly owns 64,083 shares in the company, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company's stock.

Century Aluminum Stock Down 3.1 %

Shares of Century Aluminum stock traded down $0.59 during trading on Friday, hitting $18.56. The company's stock had a trading volume of 1,667,298 shares, compared to its average volume of 1,371,721. Century Aluminum has a 52 week low of $11.40 and a 52 week 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. The company has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $19.05. The company has a market capitalization of $1.71 billion, a PE ratio of 5.87 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The firm had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period last year, the business earned $0.39 earnings per share. Equities research analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research report on Monday, February 24th. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Finally, Wolfe Research upgraded Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price for the company in a research note on Tuesday, December 3rd.

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.