Century Aluminum (NASDAQ:CENX) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 381.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,513 shares of the industrial products company's stock after buying an additional 93,099 shares during the period. Verition Fund Management LLC owned approximately 0.13% of Century Aluminum worth $1,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bridgewater Associates LP lifted its holdings in shares of Century Aluminum by 232.1% in the 3rd quarter. Bridgewater Associates LP now owns 247,404 shares of the industrial products company's stock worth $4,015,000 after acquiring an additional 172,903 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Century Aluminum during the third quarter valued at approximately $1,513,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Century Aluminum in the third quarter worth approximately $189,000. Cerity Partners LLC lifted its stake in shares of Century Aluminum by 82.0% during the 3rd quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company's stock worth $478,000 after acquiring an additional 13,263 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 10,105 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Down 5.0 %

Shares of NASDAQ CENX traded down $1.20 during midday trading on Friday, reaching $22.72. 881,197 shares of the company's stock traded hands, compared to its average volume of 1,317,846. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 7.59 and a beta of 2.50. The stock's 50 day simple moving average is $19.51 and its 200-day simple moving average is $17.03. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a one year low of $7.28 and a one year high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) 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 business had revenue of $539.10 million for the quarter, compared to analysts' expectations of $587.10 million. During the same quarter last year, the firm earned ($0.13) EPS. On average, analysts predict that Century Aluminum will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. B. Riley upped their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. BMO Capital Markets upped their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. Finally, Wolfe Research raised Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target on the stock in a research report on Tuesday.

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.