Headlands Technologies LLC Increases Stake in Century Aluminum (NASDAQ:CENX)

Headlands Technologies LLC lifted its stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 2,284.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,201 shares of the industrial products company's stock after acquiring an additional 20,312 shares during the quarter. Headlands Technologies LLC's holdings in Century Aluminum were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pertento Partners LLP purchased a new stake in shares of Century Aluminum in the 4th quarter worth approximately $7,678,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Century Aluminum by 348.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock valued at $9,055,000 after acquiring an additional 386,133 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $15,565,000 after buying an additional 319,164 shares during the last quarter. Yaupon Capital Management LP raised its stake in Century Aluminum by 401.5% in the 3rd quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company's stock worth $5,226,000 after acquiring an additional 257,812 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Century Aluminum in the third quarter worth about $4,163,000. Institutional investors own 61.59% of the company's stock.

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Analyst Ratings Changes

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

Century Aluminum Price Performance

Shares of Century Aluminum stock traded up $2.24 during trading hours on Wednesday, reaching $15.94. 2,539,846 shares of the company's stock were exchanged, compared to its average volume of 1,396,162. The business has a fifty day moving average of $18.72 and a two-hundred day moving average of $19.13. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.47 billion, a P/E ratio of 5.04 and a beta of 2.56. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39.

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, topping analysts' consensus estimates of $0.42 by $0.05. The business had revenue of $631.00 million for 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 period last year, the company posted $0.39 EPS. As a group, research analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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.