Beryl Capital Management LLC Takes Position in Century Aluminum (NASDAQ:CENX)

Beryl Capital Management LLC purchased a new position in shares of Century Aluminum (NASDAQ:CENX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,809 shares of the industrial products company's stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CENX. Glencore plc purchased a new stake in Century Aluminum in the 4th quarter valued at $729,427,000. Pertento Partners LLP purchased a new stake in shares of Century Aluminum in the fourth quarter valued at about $7,678,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Century Aluminum by 348.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock worth $9,055,000 after buying an additional 386,133 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock worth $15,565,000 after buying an additional 319,164 shares during the last quarter. Finally, Yaupon Capital Management LP increased its position in Century Aluminum by 76.3% in the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock valued at $10,346,000 after acquiring an additional 245,813 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CENX shares. StockNews.com cut Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. 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 Stock Performance

NASDAQ CENX opened at $17.29 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The business's 50 day moving average is $17.49 and its two-hundred day moving average is $19.12. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 5.47 and a beta of 2.56. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The firm had revenue of $631.00 million during 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 prior year, the business posted $0.39 earnings per share. Research analysts expect that Century Aluminum will post 2.76 EPS for the current year.

Insider Activity at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.68% 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.

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