Trexquant Investment LP Buys Shares of 88,135 Century Aluminum (NASDAQ:CENX)

Trexquant Investment LP bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 88,135 shares of the industrial products company's stock, valued at approximately $1,606,000. Trexquant Investment LP owned 0.09% of Century Aluminum as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Century Aluminum by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company's stock valued at $7,910,000 after buying an additional 10,105 shares during the period. Point72 Asset Management L.P. acquired a new stake in Century Aluminum during the third quarter worth about $857,000. Barclays PLC raised its holdings in shares of Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock worth $1,581,000 after purchasing an additional 70,825 shares during the period. Geode Capital Management LLC lifted its stake in shares of Century Aluminum by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company's stock valued at $20,774,000 after purchasing an additional 13,486 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Century Aluminum by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company's stock worth $524,000 after purchasing an additional 2,198 shares during the period. Institutional investors and hedge funds own 61.59% of the company's stock.

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Insider Buying and Selling

In other news, CAO Robert F. Hoffman sold 2,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were 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 owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

Century Aluminum Stock Performance

Shares of CENX stock traded down $0.46 on Tuesday, hitting $15.57. 218,746 shares of the stock traded hands, compared to its average volume of 1,398,823. The company has a market capitalization of $1.44 billion, a PE ratio of 4.92 and a beta of 2.56. The company's fifty day moving average is $18.55 and its 200 day moving average is $19.15. 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 has a 1-year low of $11.40 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its 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 company had revenue of $631.00 million during 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 period in the prior year, the company earned $0.39 earnings per share. On average, equities research analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CENX shares. StockNews.com lowered shares of Century Aluminum from a "hold" rating to a "sell" rating in a 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 on the stock in a report on Monday, February 24th.

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.