Intech Investment Management LLC Acquires 29,326 Shares of Century Aluminum (NASDAQ:CENX)

Intech Investment Management LLC lifted its holdings in Century Aluminum (NASDAQ:CENX - Free Report) by 84.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,974 shares of the industrial products company's stock after purchasing an additional 29,326 shares during the period. Intech Investment Management LLC owned about 0.07% of Century Aluminum worth $1,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC lifted its position in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 1,385 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock valued at $71,000 after buying an additional 1,233 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company's stock valued at $108,000 after acquiring an additional 6,924 shares during the period. Olympiad Research LP purchased a new stake in Century Aluminum in the 3rd quarter worth approximately $180,000. Finally, MQS Management LLC raised its stake in Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock worth $198,000 after acquiring an additional 883 shares during the period. Hedge funds and other institutional investors own 61.59% of the company's stock.

Century Aluminum Trading Down 3.4 %

Century Aluminum stock opened at $23.04 on Thursday. Century Aluminum has a 1 year low of $7.28 and a 1 year high of $24.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The firm's 50 day moving average price is $18.33 and its 200-day moving average price is $16.74. The stock has a market cap of $2.14 billion, a P/E ratio of 7.71 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same quarter in the previous year, the company posted ($0.13) EPS. On average, equities analysts predict that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CENX. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. B. Riley increased their price target on Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets boosted their price objective on Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th.

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.