36,431 Shares in Century Aluminum (NASDAQ:CENX) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in Century Aluminum (NASDAQ:CENX) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 36,431 shares of the industrial products company’s stock, valued at approximately $664,000.

Several other hedge funds have also recently made changes to their positions in CENX. AlphaQuest LLC grew its stake in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 2,427 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Century Aluminum in the 4th quarter valued at about $54,000. Nisa Investment Advisors LLC grew its stake 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 buying an additional 2,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Century Aluminum during the 3rd quarter valued at approximately $189,000. Finally, Inceptionr LLC acquired a new stake in Century Aluminum during the 4th quarter worth about $207,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total transaction of $554,739.71. Following the sale, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Century Aluminum Stock Performance

Shares of CENX opened at $19.95 on Monday. The company’s 50 day simple moving average is $19.32 and its 200 day simple moving average is $18.61. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 6.31 and a beta of 2.67. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39.

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

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.