Aristeia Capital L.L.C. Takes $681,000 Position in Century Aluminum (NASDAQ:CENX)

Aristeia Capital L.L.C. bought a new stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,628 shares of the industrial products company's stock, valued at approximately $681,000.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Century Aluminum by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company's stock worth $89,567,000 after acquiring an additional 39,900 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Century Aluminum by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company's stock worth $39,380,000 after purchasing an additional 42,167 shares in the last quarter. American Century Companies Inc. raised its position in shares of Century Aluminum by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company's stock worth $19,870,000 after purchasing an additional 276,304 shares during the last quarter. Castle Hook Partners LP lifted its stake in Century Aluminum by 1,147.0% in the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company's stock valued at $15,034,000 after buying an additional 898,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Century Aluminum by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 850,179 shares of the industrial products company's stock worth $10,321,000 after buying an additional 48,631 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jesse E. Gary sold 60,000 shares of the business's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the transaction, the chief executive officer now owns 62,447 shares of the company's stock, valued at approximately $1,012,265.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on CENX shares. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a report on Monday, August 12th. B. Riley reduced their price objective on Century Aluminum from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, BMO Capital Markets lowered their target price on shares of Century Aluminum from $17.00 to $15.00 and set a "market perform" rating on the stock in a research note on Friday, August 9th.

Century Aluminum Price Performance

CENX traded up $0.84 during trading on Tuesday, reaching $15.49. The company's stock had a trading volume of 1,397,138 shares, compared to its average volume of 1,382,546. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 7.18 and a beta of 2.48. The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $15.75. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $21.37. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $560.80 million during the quarter, compared to analyst estimates of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. As a group, analysts anticipate that Century Aluminum will post 0.07 EPS 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.