Intech Investment Management LLC Grows Stock Position in Century Aluminum (NASDAQ:CENX)

Intech Investment Management LLC raised its stake in shares of Century Aluminum (NASDAQ:CENX) by 206.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 196,048 shares of the industrial products company’s stock after buying an additional 132,074 shares during the period. Intech Investment Management LLC owned about 0.21% of Century Aluminum worth $3,572,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC raised its stake in shares of Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Century Aluminum during the 4th quarter valued at about $54,000. Nisa Investment Advisors LLC raised its stake in shares of 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 buying an additional 2,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Century Aluminum during the 3rd quarter valued at about $189,000. Finally, Inceptionr LLC purchased a new position in shares of Century Aluminum during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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. The trade was a 36.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $1,281,019.17. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Century Aluminum Price Performance

NASDAQ:CENX opened at $19.73 on Thursday. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The stock has a 50 day moving average of $19.39 and a two-hundred day moving average of $18.70. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.82 billion, a P/E ratio of 6.24 and a beta of 2.67.

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, 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 during the quarter, compared to analyst estimates of $515.27 million. During the same period in the previous year, the business earned $0.39 EPS. On average, analysts expect that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

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.