421,401 Shares in Century Aluminum (NASDAQ:CENX) Acquired by Pertento Partners LLP

Pertento Partners LLP bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 421,401 shares of the industrial products company's stock, valued at approximately $7,678,000. Century Aluminum accounts for 0.7% of Pertento Partners LLP's investment portfolio, making the stock its 22nd biggest holding. Pertento Partners LLP owned approximately 0.45% of Century Aluminum as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in Century Aluminum in the 4th quarter valued at $39,000. AlphaQuest LLC raised its position in shares of Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Century Aluminum in the fourth quarter worth about $54,000. Nisa Investment Advisors LLC lifted its stake in shares of Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after buying an additional 2,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Century Aluminum in the 3rd quarter worth approximately $189,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insiders Place Their Bets

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

CENX has been the subject of a number of analyst reports. StockNews.com lowered Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a report on Monday, February 24th. Finally, Wolfe Research upgraded Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd.

Century Aluminum Price Performance

CENX remained flat at $18.56 during trading hours on Monday. The company had a trading volume of 1,585,080 shares, compared to its average volume of 1,372,573. The stock has a market cap of $1.71 billion, a PE ratio of 5.87 and a beta of 2.67. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $19.25 and a 200-day moving average of $19.05.

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