Los Angeles Capital Management LLC Buys 17,134 Shares of Century Aluminum (NASDAQ:CENX)

Los Angeles Capital Management LLC boosted its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 63.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,111 shares of the industrial products company's stock after acquiring an additional 17,134 shares during the period. Los Angeles Capital Management LLC's holdings in Century Aluminum were worth $804,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Century Aluminum during the 4th quarter valued at approximately $54,000. Nisa Investment Advisors LLC lifted its stake in shares of Century Aluminum by 159.2% in the 4th 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. Olympiad Research LP bought a new stake in shares of Century Aluminum during the third quarter valued at approximately $180,000. Dynamic Technology Lab Private Ltd purchased a new stake in Century Aluminum in the third quarter worth $189,000. Finally, Covestor Ltd raised its holdings in Century Aluminum by 612.1% in the third quarter. Covestor Ltd now owns 13,993 shares of the industrial products company's stock worth $227,000 after purchasing an additional 12,028 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Down 2.3 %

CENX stock traded down $0.43 during trading on Thursday, hitting $18.53. 870,950 shares of the stock traded hands, compared to its average volume of 1,707,487. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 5.82 and a beta of 2.67. 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 has a 1 year low of $11.04 and a 1 year high of $25.39. The firm's 50 day moving average is $19.27 and its two-hundred day moving average is $18.40.

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Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The firm had revenue of $631.00 million for the quarter, compared to analysts' expectations of $515.27 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, sell-side analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now directly owns 50,753 shares in the company, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company's stock.

Century Aluminum Company 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.