Balyasny Asset Management L.P. Grows Stock Position in Century Aluminum (NASDAQ:CENX)

Balyasny Asset Management L.P. lifted its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 117.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,796 shares of the industrial products company's stock after acquiring an additional 249,323 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.50% of Century Aluminum worth $8,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CENX. New Age Alpha Advisors LLC bought a new position in Century Aluminum during the 4th quarter worth $39,000. AlphaQuest LLC lifted its stake in shares of Century Aluminum by 2,889.3% in the fourth 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 during the period. FNY Investment Advisers LLC acquired a new position in shares of Century Aluminum in the fourth quarter worth approximately $54,000. Nisa Investment Advisors LLC boosted 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 valued at $59,000 after acquiring an additional 2,000 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Century Aluminum during the 4th quarter valued at approximately $199,000. Institutional investors own 61.59% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CENX shares. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a research note on Monday, February 24th. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday.

Century Aluminum Stock Down 1.2%

NASDAQ:CENX traded down $0.20 during trading hours on Tuesday, hitting $17.18. 1,881,312 shares of the company traded hands, compared to its average volume of 1,409,383. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.60 billion, a PE ratio of 5.44 and a beta of 2.70. The firm's 50-day simple moving average is $17.17 and its 200-day simple moving average is $19.09.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). The business had revenue of $633.90 million during the quarter, compared to analysts' expectations of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. Equities analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Insiders Place Their Bets

In related 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.76% of the company's stock.

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.