Fox Run Management L.L.C. Invests $389,000 in Century Aluminum (NASDAQ:CENX)

Fox Run Management L.L.C. bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,329 shares of the industrial products company's stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CENX. KLP Kapitalforvaltning AS acquired a new stake in Century Aluminum in the fourth quarter worth about $199,000. Sei Investments Co. bought a new position in shares of Century Aluminum in the 4th quarter valued at about $372,000. Teacher Retirement System of Texas acquired a new stake in shares of Century Aluminum during the 4th quarter worth approximately $264,000. Intech Investment Management LLC grew its position in shares of Century Aluminum by 206.4% during the 4th quarter. Intech Investment Management LLC now owns 196,048 shares of the industrial products company's stock worth $3,572,000 after buying an additional 132,074 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Century Aluminum during the fourth quarter worth approximately $664,000. Institutional investors own 61.59% of the company's stock.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business's 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

CENX has been the subject of a number of analyst reports. StockNews.com lowered shares of Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Monday, February 24th. Finally, Wolfe Research raised Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a research note on Tuesday, December 3rd.

Century Aluminum Stock Down 3.1 %

Shares of Century Aluminum stock traded down $0.59 on Friday, hitting $18.56. The company had a trading volume of 1,667,298 shares, compared to its average volume of 1,371,721. The firm has a market capitalization of $1.71 billion, a P/E ratio of 5.87 and a beta of 2.67. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The stock has a 50-day moving average of $19.25 and a 200-day moving average of $19.05. 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 released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $631.00 million during the quarter, compared to analysts' expectations of $515.27 million. During the same period last year, the business earned $0.39 earnings per share. Research analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

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.