Pertento Partners LLP Invests $7.68 Million in Century Aluminum (NASDAQ:CENX)

Pertento Partners LLP purchased a new stake in Century Aluminum (NASDAQ:CENX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 421,401 shares of the industrial products company’s stock, valued at approximately $7,678,000. Century Aluminum comprises 0.7% of Pertento Partners LLP’s investment portfolio, making the stock its 22nd largest position. Pertento Partners LLP owned about 0.45% of Century Aluminum at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. New Age Alpha Advisors LLC purchased a new position in shares of Century Aluminum during the 4th quarter valued at approximately $39,000. AlphaQuest LLC boosted its stake in 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 acquiring an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Century Aluminum during the 4th quarter worth $54,000. Nisa Investment Advisors LLC grew its holdings 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 worth $59,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Century Aluminum in the 3rd quarter worth about $189,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, March 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 report on Tuesday, December 3rd. Finally, BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Monday, February 24th.

Century Aluminum Trading Down 3.1 %

Shares of NASDAQ CENX opened at $18.56 on Friday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 5.87 and a beta of 2.67. The stock’s 50 day simple moving average is $19.25 and its 200 day simple moving average is $18.96. 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 has a 12-month low of $11.40 and a 12-month high of $25.39.

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