Bridgefront Capital LLC Makes New $315,000 Investment in Century Aluminum (NASDAQ:CENX)

Bridgefront Capital LLC bought a new position in Century Aluminum (NASDAQ:CENX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,280 shares of the industrial products company's stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caxton Associates LP bought a new position in shares of Century Aluminum in the fourth quarter valued at $1,286,000. Balyasny Asset Management L.P. lifted its holdings in shares of Century Aluminum by 117.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 460,796 shares of the industrial products company's stock valued at $8,396,000 after purchasing an additional 249,323 shares during the last quarter. Beryl Capital Management LLC acquired a new position in shares of Century Aluminum in the 4th quarter valued at $543,000. BNP Paribas Financial Markets increased its stake in Century Aluminum by 69.1% in the 4th quarter. BNP Paribas Financial Markets now owns 311,181 shares of the industrial products company's stock worth $5,670,000 after purchasing an additional 127,115 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Century Aluminum by 83.9% during the 4th quarter. Algert Global LLC now owns 161,868 shares of the industrial products company's stock worth $2,949,000 after buying an additional 73,860 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Century Aluminum Stock Up 2.7 %

Century Aluminum stock traded up $0.42 during trading hours on Friday, hitting $15.93. The company had a trading volume of 2,215,130 shares, compared to its average volume of 1,402,677. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The firm has a market capitalization of $1.49 billion, a P/E ratio of 5.04 and a beta of 2.70. The firm's fifty day moving average is $17.21 and its 200-day moving average is $19.09.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly 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). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. On average, research analysts forecast that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Activity

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is owned by corporate insiders.

About Century Aluminum

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.