111 Capital Buys New Stake in Century Aluminum Company $CENX

Key Points

• 111 Capital has acquired a new stake in Century Aluminum Company, purchasing 18,909 shares valued at approximately $341,000 in the second quarter.
• Century Aluminum reported a loss of $0.05 earnings per share for the last quarter, missing the consensus estimate, but its revenue of $628.10 million exceeded analyst expectations.
• Institutional investors currently own 61.59% of Century Aluminum's stock, with several large investments being made in the first quarter of this year.

111 Capital purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,909 shares of the industrial products company's stock, valued at approximately $341,000.

Other large investors have also recently bought and sold shares of the company. Woodline Partners LP acquired a new stake in shares of Century Aluminum in the 1st quarter worth $19,317,000. Nuveen LLC acquired a new stake in shares of Century Aluminum in the 1st quarter worth $14,726,000. Encompass Capital Advisors LLC purchased a new position in shares of Century Aluminum in the 1st quarter valued at about $13,920,000. Boston Partners purchased a new position in shares of Century Aluminum in the 1st quarter valued at about $7,309,000. Finally, Foundry Partners LLC purchased a new position in shares of Century Aluminum in the 1st quarter valued at about $6,077,000. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $29.14 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $24.07 and a two-hundred day moving average price of $19.96. Century Aluminum Company has a twelve month low of $13.05 and a twelve month high of $30.76. The company has a market capitalization of $2.72 billion, a P/E ratio of 25.12 and a beta of 2.52.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The business had revenue of $628.10 million for the quarter, compared to analysts' expectations of $606.10 million. As a group, research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Insider Transactions at Century Aluminum

In other news, SVP Agust F. Hafberg sold 9,493 shares of Century Aluminum stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the sale, the senior vice president directly owned 55,260 shares in the company, valued at $1,542,306.60. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matt Aboud sold 12,027 shares of Century Aluminum stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president owned 62,589 shares of the company's stock, valued at approximately $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. B. Riley increased their price target on shares of Century Aluminum from $25.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Wall Street Zen downgraded shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Century Aluminum in a report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $25.67.

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.

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