Sei Investments Co. Purchases New Holdings in Century Aluminum (NASDAQ:CENX)

Sei Investments Co. acquired a new stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,417 shares of the industrial products company's stock, valued at approximately $372,000.

Several other large investors also recently added to or reduced their stakes in CENX. AlphaQuest LLC grew its holdings 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 worth $46,000 after purchasing an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Century Aluminum in the fourth quarter valued at about $54,000. Nisa Investment Advisors LLC increased its position in Century Aluminum by 159.2% during 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. Inceptionr LLC bought a new position in Century Aluminum in the fourth quarter worth approximately $207,000. Finally, Callan Family Office LLC purchased a new position in shares of Century Aluminum in the 4th quarter valued at $250,000. 61.59% of the stock is owned by institutional investors.

Insider Activity at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.68% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com lowered shares of Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research report on Monday, February 24th.

Century Aluminum Stock Performance

NASDAQ CENX traded up $0.05 during trading hours on Wednesday, reaching $15.78. The stock had a trading volume of 61,607 shares, compared to its average volume of 1,394,269. Century Aluminum has a 52-week low of $11.40 and a 52-week 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. The stock has a market cap of $1.46 billion, a P/E ratio of 5.00 and a beta of 2.56. The stock has a fifty day moving average of $18.49 and a 200 day moving average of $19.12.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $631.00 million for the quarter, compared to the consensus estimate of $515.27 million. During the same period last year, the firm earned $0.39 EPS. Sell-side analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Century Aluminum 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.