Quantbot Technologies LP Invests $1.51 Million in Century Aluminum (NASDAQ:CENX)

Quantbot Technologies LP bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 93,237 shares of the industrial products company's stock, valued at approximately $1,513,000. Quantbot Technologies LP owned approximately 0.10% of Century Aluminum as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CENX. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Aluminum in the 3rd quarter valued at approximately $189,000. Cerity Partners LLC boosted its position in Century Aluminum by 82.0% in the third quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company's stock valued at $478,000 after buying an additional 13,263 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Century Aluminum by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company's stock worth $7,910,000 after buying an additional 10,105 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Century Aluminum by 84.6% during the third quarter. Intech Investment Management LLC now owns 63,974 shares of the industrial products company's stock worth $1,038,000 after buying an additional 29,326 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Century Aluminum by 78.0% during the third quarter. Jennison Associates LLC now owns 47,255 shares of the industrial products company's stock worth $767,000 after buying an additional 20,710 shares in the last quarter. Institutional investors own 61.59% of the company's stock.

Century Aluminum Trading Down 0.9 %

Shares of Century Aluminum stock traded down $0.21 during trading on Friday, hitting $22.83. The company's stock had a trading volume of 527,335 shares, compared to its average volume of 1,323,981. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 7.64 and a beta of 2.47. Century Aluminum has a 52 week low of $7.28 and a 52 week high of $24.21. The stock has a 50-day moving average price of $18.85 and a two-hundred day moving average price of $16.86. 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 (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $587.10 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Equities research analysts anticipate that Century Aluminum will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

CENX has been the topic of several recent research reports. BMO Capital Markets raised their price objective on Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Tuesday, November 5th. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Finally, B. Riley upped their price objective on Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th.

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.