Cohen & Steers Inc. Makes New Investment in Century Aluminum (NASDAQ:CENX)

Cohen & Steers Inc. bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 191,276 shares of the industrial products company's stock, valued at approximately $3,485,000. Cohen & Steers Inc. owned 0.21% of Century Aluminum at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after buying an additional 2,000 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Century Aluminum in the 4th quarter valued at approximately $39,000. Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 2,198 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Century Aluminum by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after buying an additional 2,358 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 2,427 shares during the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

Shares of NASDAQ CENX traded down $0.20 during midday trading on Friday, hitting $15.59. The company's stock had a trading volume of 927,306 shares, compared to its average volume of 1,392,176. The firm has a market cap of $1.44 billion, a P/E ratio of 4.93 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 firm's fifty day moving average price is $18.21 and its 200-day moving average price is $19.13. 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 earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The company 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 firm posted $0.39 earnings per share. On average, sell-side analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the business's stock in a transaction on 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 transaction, the chief accounting officer now owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.68% of the company's stock.

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.