Hartree Partners LP Invests $825,000 in Century Aluminum (NASDAQ:CENX)

Hartree Partners LP purchased a new position in Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,274 shares of the industrial products company's stock, valued at approximately $825,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CENX. New Age Alpha Advisors LLC purchased a new position in shares of Century Aluminum during the fourth quarter worth approximately $39,000. 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 worth $46,000 after purchasing an additional 2,427 shares during the period. FNY Investment Advisers LLC purchased a new position in Century Aluminum during the 4th quarter worth $54,000. Nisa Investment Advisors LLC increased its stake in Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 2,000 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Century Aluminum in the fourth quarter valued at about $199,000. Institutional investors and hedge funds own 61.59% of the company's stock.

Insider Transactions at Century Aluminum

In other 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 sale, the chief accounting officer now owns 64,083 shares of the company's stock, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.68% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CENX shares. StockNews.com lowered Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Wolfe Research upgraded 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. Finally, BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Monday, February 24th.

Century Aluminum Stock Performance

NASDAQ:CENX remained flat at $18.56 during mid-day trading on Monday. 1,585,080 shares of the company were exchanged, compared to its average volume of 1,372,573. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 5.87 and a beta of 2.67. The firm's fifty day moving average price is $19.21 and its 200 day moving average price is $19.09. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. 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 (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping 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 firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, sell-side analysts expect 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.