20,000 Shares in Century Aluminum Company $CENX Purchased by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. has acquired 20,000 shares of Century Aluminum Company, valued at approximately $371,000, indicating increased institutional interest in the company's stock.
• Analysts have upgraded shares of Century Aluminum, with Zacks Research moving the rating from "hold" to "strong-buy" and a consensus price target set at $25.67.
• Century Aluminum reported a quarterly loss of ($0.05) EPS, missing estimates, but achieved revenue of $628.10 million, exceeding analyst expectations of $606.10 million.

Hodges Capital Management Inc. acquired a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the industrial products company's stock, valued at approximately $371,000.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Century Aluminum by 60.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company's stock valued at $773,000 after purchasing an additional 15,683 shares in the last quarter. GAMMA Investing LLC grew its holdings in Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after purchasing an additional 628 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Century Aluminum by 130.4% in the first quarter. Teacher Retirement System of Texas now owns 33,414 shares of the industrial products company's stock worth $620,000 after purchasing an additional 18,909 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Century Aluminum in the first quarter worth $4,918,000. Finally, New York State Common Retirement Fund grew its holdings in Century Aluminum by 21.3% in the first quarter. New York State Common Retirement Fund now owns 359,867 shares of the industrial products company's stock worth $6,679,000 after purchasing an additional 63,086 shares during the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CENX shares. Zacks Research raised shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. B. Riley lifted their price target on shares of Century Aluminum from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Wall Street Zen lowered shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $25.67.

Insider Transactions at Century Aluminum

In related news, SVP Matt Aboud sold 12,027 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the transaction, the senior vice president directly owned 62,589 shares in the company, valued at $1,456,446.03. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is owned by corporate insiders.

Century Aluminum Trading Up 6.4%

NASDAQ:CENX opened at $26.09 on Friday. Century Aluminum Company has a 12 month low of $13.05 and a 12 month high of $26.10. The firm has a fifty day simple moving average of $21.83 and a 200-day simple moving average of $18.98. 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 company has a market capitalization of $2.44 billion, a P/E ratio of 22.49 and a beta of 2.55.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $628.10 million for the quarter, compared to analyst estimates of $606.10 million. On average, equities research analysts anticipate that Century Aluminum Company will post 2.76 earnings per share 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.

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