ExodusPoint Capital Management LP Makes New Investment in Century Aluminum (NASDAQ:CENX)

ExodusPoint Capital Management LP bought a new stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 121,682 shares of the industrial products company's stock, valued at approximately $2,217,000. ExodusPoint Capital Management LP owned about 0.13% of Century Aluminum as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Pertento Partners LLP acquired a new position in shares of Century Aluminum in the fourth quarter valued at approximately $7,678,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Century Aluminum by 348.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock worth $9,055,000 after purchasing an additional 386,133 shares during the period. JPMorgan Chase & Co. grew its position in shares of Century Aluminum by 49.9% in the third 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. Intech Investment Management LLC increased its stake in Century Aluminum by 206.4% in the fourth quarter. Intech Investment Management LLC now owns 196,048 shares of the industrial products company's stock valued at $3,572,000 after purchasing an additional 132,074 shares during the last quarter. Finally, Norges Bank purchased a new position in Century Aluminum during the fourth quarter worth about $2,227,000. 61.59% of the stock is owned by institutional investors and hedge funds.

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Century Aluminum Trading Up 6.6 %

Shares of NASDAQ CENX traded up $0.96 during midday trading on Friday, hitting $15.60. The stock had a trading volume of 2,101,309 shares, compared to its average volume of 1,402,192. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.94 and a beta of 2.56. The company has a fifty day moving average price of $18.60 and a 200 day moving average price of $19.13.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The company 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 quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Activity

In other news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the sale, the chief accounting officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

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