Cubist Systematic Strategies LLC Sells 109,604 Shares of Century Aluminum (NASDAQ:CENX)

Cubist Systematic Strategies LLC decreased its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,573 shares of the industrial products company's stock after selling 109,604 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.39% of Century Aluminum worth $6,570,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CENX. Glencore plc acquired a new position in Century Aluminum in the 4th quarter worth about $729,427,000. Pertento Partners LLP bought a new position in Century Aluminum during the fourth quarter valued at about $7,678,000. Arrowstreet Capital Limited Partnership boosted its holdings in Century Aluminum by 348.4% in the 4th 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. boosted its stake in Century Aluminum by 49.9% during 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 during the period. Finally, Balyasny Asset Management L.P. grew its position in Century Aluminum by 117.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,796 shares of the industrial products company's stock worth $8,396,000 after acquiring an additional 249,323 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $1,281,019.17. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.76% of the stock is currently owned by company insiders.

Century Aluminum Trading Up 9.4%

NASDAQ:CENX traded up $1.50 on Monday, reaching $17.38. 2,623,311 shares of the company's stock were exchanged, compared to its average volume of 1,407,595. Century Aluminum has a 52-week low of $11.40 and a 52-week high of $25.39. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.50 and a beta of 2.70. 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 business has a fifty day moving average of $17.21 and a 200-day moving average of $19.10.

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). The company had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. As a group, analysts expect that Century Aluminum will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CENX. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Monday, February 24th.

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.