Boothbay Fund Management LLC Sells 38,779 Shares of Century Aluminum (NASDAQ:CENX)

Boothbay Fund Management LLC trimmed its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 68.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,831 shares of the industrial products company's stock after selling 38,779 shares during the period. Boothbay Fund Management LLC's holdings in Century Aluminum were worth $325,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock worth $53,531,000 after purchasing an additional 28,557 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after buying an additional 319,164 shares in the last quarter. Yaupon Capital Management LP grew its stake in Century Aluminum by 76.3% during the fourth quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock worth $10,346,000 after buying an additional 245,813 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Century Aluminum by 10.6% during 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 buying an additional 51,770 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Century Aluminum by 348.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock valued at $9,055,000 after acquiring an additional 386,133 shares during the last quarter. Institutional investors own 61.59% of the company's stock.

Insider Transactions at Century Aluminum

In other 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 transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. This represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com cut Century Aluminum from a "hold" rating to a "sell" rating in a 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 target price for the company in a research note on Monday, February 24th.

Century Aluminum Trading Down 5.3 %

CENX traded down $0.91 during mid-day trading on Monday, reaching $16.38. The stock had a trading volume of 1,741,702 shares, compared to its average volume of 1,383,606. The stock has a market capitalization of $1.53 billion, a P/E ratio of 5.18 and a beta of 2.70. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The firm's fifty day simple moving average is $17.43 and its two-hundred day simple moving average is $19.13.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same period last year, the company earned $0.39 earnings per share. On average, equities analysts predict that Century Aluminum will post 2.76 EPS for the current year.

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.