Dauntless Investment Group LLC Makes New $387,000 Investment in Century Aluminum (NASDAQ:CENX)

Dauntless Investment Group LLC acquired a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,250 shares of the industrial products company's stock, valued at approximately $387,000.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Century Aluminum by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock worth $53,531,000 after acquiring an additional 28,557 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Century Aluminum by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company's stock worth $20,774,000 after purchasing an additional 13,486 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock worth $15,565,000 after purchasing an additional 319,164 shares in the last quarter. Yaupon Capital Management LP increased its holdings in Century Aluminum by 76.3% in the fourth quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock valued at $10,346,000 after buying an additional 245,813 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Century Aluminum by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company's stock valued at $9,824,000 after buying an additional 51,770 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Insider Buying and Selling at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the company'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 transaction, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at $1,281,019.17. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Century Aluminum Stock Performance

Century Aluminum stock traded down $0.05 during mid-day trading on Monday, reaching $16.74. 919,196 shares of the company were exchanged, compared to its average volume of 1,389,833. The firm's 50-day simple moving average is $17.74 and its two-hundred day simple moving average is $19.15. 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 $1.54 billion, a PE ratio of 5.30 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

A number of research analysts have recently commented on CENX shares. BMO Capital Markets upgraded 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. StockNews.com cut shares of Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th.

Century Aluminum 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.