Jacobs Levy Equity Management Inc. Acquires New Shares in Century Aluminum (NASDAQ:CENX)

Jacobs Levy Equity Management Inc. bought a new position in Century Aluminum (NASDAQ:CENX - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 256,502 shares of the industrial products company's stock, valued at approximately $4,163,000. Jacobs Levy Equity Management Inc. owned 0.28% of Century Aluminum at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock valued at $45,000 after buying an additional 1,385 shares during the period. GAMMA Investing LLC grew its holdings in Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after acquiring an additional 1,233 shares during the period. Olympiad Research LP bought a new stake in Century Aluminum in the third quarter worth about $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in Century Aluminum in the 3rd quarter valued at about $189,000. Finally, MQS Management LLC boosted its position in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock valued at $198,000 after purchasing an additional 883 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Century Aluminum Trading Down 5.0 %

Shares of CENX stock traded down $1.20 during trading hours on Friday, reaching $22.72. 881,701 shares of the stock traded hands, compared to its average volume of 1,051,592. The business has a fifty day moving average price of $19.64 and a 200 day moving average price of $17.06. Century Aluminum has a 1-year low of $7.28 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. The firm has a market capitalization of $2.11 billion, a PE ratio of 7.60 and a beta of 2.50.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a report on Tuesday. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. B. Riley raised their price objective 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 lifted their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a 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.