Park Avenue Securities LLC Makes New $337,000 Investment in Century Aluminum (NASDAQ:CENX)

Park Avenue Securities LLC purchased a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,509 shares of the industrial products company's stock, valued at approximately $337,000.

Several other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Century Aluminum during the 4th quarter worth $54,000. GAMMA Investing LLC lifted its holdings 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 worth $71,000 after acquiring an additional 1,233 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Century Aluminum during the 3rd quarter worth $180,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Century Aluminum during the 3rd quarter worth $189,000. Finally, Covestor Ltd lifted its holdings in shares of Century Aluminum by 612.1% during the 3rd quarter. Covestor Ltd now owns 13,993 shares of the industrial products company's stock worth $227,000 after acquiring an additional 12,028 shares during the last quarter. 61.59% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jesse E. Gary sold 29,243 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total transaction of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares of the company's stock, valued at approximately $962,784.41. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CENX shares. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price objective for the company in a report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. B. Riley lifted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th.

Century Aluminum Trading Down 0.8 %

NASDAQ:CENX traded down $0.16 during trading hours on Friday, reaching $19.64. The company's stock had a trading volume of 702,965 shares, compared to its average volume of 851,669. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 6.57 and a beta of 2.53. The firm has a 50-day simple moving average of $20.63 and a 200-day simple moving average of $17.62. Century Aluminum has a 1 year low of $9.65 and a 1 year high of $25.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.32 by $0.31. The firm had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period in the prior year, the firm posted ($0.13) earnings per share. Research analysts expect that Century Aluminum will post 0.62 EPS for the current fiscal year.

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.