Century Aluminum Company $CENX Stock Position Lifted by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Century Aluminum Company (NASDAQ:CENX) by 144.0% in the 1st quarter, HoldingsChannel reports. The firm owned 120,878 shares of the industrial products company’s stock after purchasing an additional 71,333 shares during the quarter. Quantbot Technologies LP’s holdings in Century Aluminum were worth $2,243,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CENX. Caitong International Asset Management Co. Ltd grew its stake in shares of Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 2,909 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 628 shares in the last quarter. Corton Capital Inc. bought a new position in shares of Century Aluminum in the fourth quarter worth $189,000. Vise Technologies Inc. bought a new position in shares of Century Aluminum in the fourth quarter worth $225,000. Finally, Dark Forest Capital Management LP grew its stake in shares of Century Aluminum by 19.5% in the fourth quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 2,430 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Trading Down 0.5%

Shares of CENX stock opened at $21.84 on Thursday. The stock has a 50-day simple moving average of $20.31 and a 200 day simple moving average of $18.67. Century Aluminum Company has a fifty-two week low of $11.63 and a fifty-two week high of $25.39. The stock has a market capitalization of $2.04 billion, a P/E ratio of 18.83 and a beta of 2.53. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The firm had revenue of $628.10 million for the quarter, compared to the consensus estimate of $606.10 million. On average, sell-side analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In related news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the transaction, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CENX has been the subject of several recent analyst reports. Wall Street Zen cut Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. Finally, B. Riley raised their target price on Century Aluminum from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, Century Aluminum has a consensus rating of “Buy” and a consensus target price of $24.67.

Century Aluminum 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.