39,705 Shares in Century Aluminum (NASDAQ:CENX) Bought by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC bought a new stake in shares of Century Aluminum (NASDAQ:CENX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,705 shares of the industrial products company’s stock, valued at approximately $644,000.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC grew its position in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Century Aluminum in the third quarter valued at about $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Century Aluminum in the third quarter valued at about $189,000. Finally, MQS Management LLC grew its position in shares of Century Aluminum by 8.1% in the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 883 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $22.68 on Tuesday. Century Aluminum has a 1 year low of $7.28 and a 1 year high of $24.21. The firm has a 50 day moving average of $18.85 and a 200-day moving average of $16.85. 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 stock has a market capitalization of $2.10 billion, a P/E ratio of 7.59 and a beta of 2.50.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The company had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. As a group, sell-side analysts anticipate that Century Aluminum will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CENX has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. B. Riley lifted their price objective on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

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.