Fox Run Management L.L.C. Makes New Investment in Century Aluminum (NASDAQ:CENX)

Fox Run Management L.L.C. bought a new stake in Century Aluminum (NASDAQ:CENX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 21,329 shares of the industrial products company’s stock, valued at approximately $389,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after buying an additional 319,164 shares in the last quarter. Barclays PLC boosted its holdings in Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company’s stock worth $1,581,000 after acquiring an additional 70,825 shares during the period. Charles Schwab Investment Management Inc. grew its position in Century Aluminum by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company’s stock valued at $9,824,000 after acquiring an additional 51,770 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Century Aluminum by 17.0% during the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock valued at $4,901,000 after purchasing an additional 43,881 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Century Aluminum during the fourth quarter worth $337,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CENX shares. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets raised 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.

Century Aluminum Trading Up 2.2 %

CENX opened at $19.00 on Thursday. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The stock has a market capitalization of $1.75 billion, a PE ratio of 6.01 and a beta of 2.67. The firm’s fifty day moving average price is $19.32 and its 200 day moving average price is $18.91.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (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 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 quarter in the prior year, the business posted $0.39 EPS. As a group, research analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling at Century Aluminum

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 value of $49,975.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by insiders.

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.