Caxton Associates LP Acquires Shares of 70,588 Century Aluminum (NASDAQ:CENX)

Caxton Associates LP acquired a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 70,588 shares of the industrial products company's stock, valued at approximately $1,286,000. Caxton Associates LP owned about 0.08% of Century Aluminum at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Glencore plc bought a new position in Century Aluminum during the fourth quarter worth $729,427,000. Dimensional Fund Advisors LP lifted its stake 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 valued at $53,531,000 after purchasing an additional 28,557 shares during the period. JPMorgan Chase & Co. lifted its stake 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 valued at $15,565,000 after purchasing an additional 319,164 shares during the period. 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 purchasing an additional 245,813 shares during the period. Finally, Northern Trust Corp increased its holdings in Century Aluminum by 5.8% in the fourth quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company's stock worth $9,847,000 after purchasing an additional 29,400 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Century Aluminum Stock Up 2.7 %

CENX traded up $0.42 during trading on Friday, hitting $15.93. 2,215,130 shares of the company's stock were exchanged, compared to its average volume of 1,402,677. The stock has a market cap of $1.49 billion, a P/E ratio of 5.04 and a beta of 2.70. The business's 50 day moving average is $17.21 and its two-hundred day moving average is $19.09. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week 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.

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

Insider Buying and Selling

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CENX. StockNews.com raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Friday. 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 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.