36,431 Shares in Century Aluminum (NASDAQ:CENX) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,431 shares of the industrial products company's stock, valued at approximately $664,000.

Several other hedge funds have also recently bought and sold shares of the stock. AlphaQuest LLC increased its position in shares of Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after acquiring an additional 2,427 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Century Aluminum in the 4th quarter worth $54,000. Nisa Investment Advisors LLC increased its holdings in Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Aluminum in the 3rd quarter valued at about $189,000. Finally, Inceptionr LLC bought a new stake in shares of Century Aluminum in the fourth quarter valued at about $207,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities 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 Friday, March 7th. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a report on Monday, February 24th. Finally, Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price for the company in a report on Tuesday, December 3rd.

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Century Aluminum Stock Down 3.9 %

CENX stock traded down $0.79 during mid-day trading on Friday, reaching $19.32. The company had a trading volume of 1,530,972 shares, compared to its average volume of 1,342,992. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 6.11 and a beta of 2.67. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The stock has a 50 day simple moving average of $19.41 and a two-hundred day simple moving average of $18.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The business had revenue of $631.00 million for the quarter, compared to analysts' expectations of $515.27 million. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, equities analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Robert F. Hoffman sold 2,500 shares of the 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 transaction, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $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 accessible through this link. Also, CEO Jesse E. Gary sold 29,243 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now owns 50,753 shares of the company's stock, valued at $962,784.41. This trade represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.