Century Aluminum (NASDAQ:CENX) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its stake in shares of Century Aluminum (NASDAQ:CENX) by 2,889.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,511 shares of the industrial products company’s stock after purchasing an additional 2,427 shares during the quarter. AlphaQuest LLC’s holdings in Century Aluminum were worth $46,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in shares of Century Aluminum in the fourth quarter worth $54,000. Nisa Investment Advisors LLC increased its position 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 acquiring an additional 2,000 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Century Aluminum in the fourth quarter worth $207,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Aluminum in the third quarter worth $189,000. Finally, Callan Family Office LLC acquired a new stake in shares of Century Aluminum in the fourth quarter worth $250,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Price Performance

CENX opened at $20.11 on Friday. The company has a fifty day simple moving average of $19.41 and a 200 day simple moving average of $18.71. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 6.36 and a beta of 2.67. Century Aluminum has a twelve month low of $11.40 and a twelve 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.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The firm had revenue of $631.00 million for the quarter, compared to the consensus estimate of $515.27 million. During the same period in the prior year, the firm posted $0.39 EPS. Equities research analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at $962,784.41. This represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robert F. Hoffman sold 2,500 shares of the 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 transaction, the chief accounting officer now 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 disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CENX shares. Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research report on Tuesday, December 3rd. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Monday, February 24th. Finally, StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

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.