Alpha DNA Investment Management LLC Takes Position in Century Aluminum (NASDAQ:CENX)

Alpha DNA Investment Management LLC acquired a new position in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,503 shares of the industrial products company's stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Century Aluminum by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock worth $15,565,000 after acquiring an additional 319,164 shares during the period. Barclays PLC lifted its position in Century Aluminum by 266.5% in the third quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock worth $1,581,000 after purchasing an additional 70,825 shares during the period. Charles Schwab Investment Management Inc. lifted 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 worth $9,824,000 after purchasing an additional 51,770 shares during the period. Principal Financial Group Inc. increased its holdings in Century Aluminum by 17.0% in the 3rd quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock valued at $4,901,000 after buying an additional 43,881 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Century Aluminum in the 4th quarter valued at $337,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the business's 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 directly owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company's stock.

Century Aluminum Price Performance

Shares of Century Aluminum stock traded up $0.52 during mid-day trading on Thursday, reaching $17.39. 489,036 shares of the stock were exchanged, compared to its average volume of 1,777,543. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 5.52 and a beta of 2.56. The firm has a 50-day simple moving average of $17.92 and a 200 day simple moving average of $19.09. 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 (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million during 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 last year, the business posted $0.39 earnings per share. On average, sell-side analysts predict that Century Aluminum will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CENX shares. StockNews.com lowered shares of Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a research note on Monday, February 24th.

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.