Inceptionr LLC Makes New $207,000 Investment in Century Aluminum (NASDAQ:CENX)

Inceptionr LLC bought a new position in Century Aluminum (NASDAQ:CENX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,355 shares of the industrial products company’s stock, valued at approximately $207,000.

Other hedge funds have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Century Aluminum in the fourth quarter worth approximately $54,000. Nisa Investment Advisors LLC increased its holdings in Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Century Aluminum in the third quarter worth approximately $189,000. Versor Investments LP bought a new stake in Century Aluminum in the third quarter worth approximately $256,000. Finally, Aigen Investment Management LP bought a new stake in Century Aluminum in the fourth quarter worth approximately $312,000. 61.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CENX has been the subject of a number of research analyst reports. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Monday, February 24th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wolfe Research upgraded 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.

Century Aluminum Trading Down 11.1 %

NASDAQ CENX opened at $16.59 on Tuesday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 5.25 and a beta of 2.67. Century Aluminum has a 52 week low of $11.12 and a 52 week high of $25.39. The business has a 50 day moving average price of $19.22 and a 200-day moving average price of $18.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Activity at Century Aluminum

In related news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares of the company’s stock, valued at $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is 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.