Alpha DNA Investment Management LLC Purchases New Position in Century Aluminum (NASDAQ:CENX)

Alpha DNA Investment Management LLC acquired a new position in Century Aluminum (NASDAQ:CENX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,503 shares of the industrial products company’s stock, valued at approximately $446,000.

Other large investors also recently bought and sold shares of the company. Pertento Partners LLP acquired a new stake in shares of Century Aluminum in the fourth quarter worth approximately $7,678,000. Arrowstreet Capital Limited Partnership raised its stake in Century Aluminum by 348.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company’s stock valued at $9,055,000 after purchasing an additional 386,133 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Century Aluminum by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after purchasing an additional 319,164 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in Century Aluminum during the 4th quarter worth $3,485,000. Finally, Bridgewater Associates LP grew its holdings in shares of Century Aluminum by 74.3% during the fourth quarter. Bridgewater Associates LP now owns 431,279 shares of the industrial products company’s stock worth $7,858,000 after buying an additional 183,875 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CENX. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research 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 price target for the company in a research report on Monday, February 24th.

Century Aluminum Trading Down 1.3 %

NASDAQ CENX opened at $15.59 on Friday. The firm’s 50-day moving average is $18.21 and its two-hundred day moving average is $19.09. 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 12 month low of $11.40 and a 12 month high of $25.39. The stock has a market capitalization of $1.44 billion, a P/E ratio of 4.93 and a beta of 2.56.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period in the prior year, the business earned $0.39 EPS. On average, sell-side analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum 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 sale, the chief accounting officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

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.