Capital Fund Management S.A. Invests $503,000 in Century Aluminum (NASDAQ:CENX)

Capital Fund Management S.A. purchased a new stake in shares of Century Aluminum (NASDAQ:CENX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,629 shares of the industrial products company’s stock, valued at approximately $503,000.

Other large investors have also recently bought and sold shares of the company. 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 valued at $59,000 after acquiring an additional 2,000 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Century Aluminum during the fourth quarter valued at approximately $39,000. Franklin Resources Inc. increased its stake in Century Aluminum by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock valued at $524,000 after buying an additional 2,198 shares during the period. Wellington Management Group LLP lifted its position in Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock worth $7,499,000 after buying an additional 2,358 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after buying an additional 2,427 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Up 0.4 %

Century Aluminum stock opened at $15.79 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The firm’s fifty day simple moving average is $18.43 and its 200-day simple moving average is $19.10. The company has a market capitalization of $1.46 billion, a P/E ratio of 5.00 and a beta of 2.56.

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

Analyst Ratings Changes

CENX has been the subject of several recent research reports. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Monday, February 24th. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, March 24th.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares of the company’s stock, valued at $1,281,019.17. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

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.