Alberta Investment Management Corp Takes Position in Century Aluminum Company (NASDAQ:CENX)

Key Points

• Alberta Investment Management Corp acquired a new position in Century Aluminum Company, purchasing 265,000 shares valued at approximately $4.92 million, representing about 0.28% ownership at the end of the last quarter.
• Several large institutional investors, including Glencore plc, have also increased their stakes in Century Aluminum, indicating growing interest from major stakeholders.
• A recent report from Wall Street Zen downgraded Century Aluminum from a "buy" to a "hold" rating following disappointing earnings results, where the company missed EPS estimates by $0.25.

Alberta Investment Management Corp purchased a new stake in Century Aluminum Company (NASDAQ:CENX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 265,000 shares of the industrial products company's stock, valued at approximately $4,918,000. Alberta Investment Management Corp owned 0.28% of Century Aluminum as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Glencore plc purchased a new position in shares of Century Aluminum in the 4th quarter valued at $729,427,000. Dimensional Fund Advisors LP lifted its stake in shares of Century Aluminum by 1.0% in the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Century Aluminum by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock valued at $37,665,000 after acquiring an additional 111,203 shares in the last quarter. Yaupon Capital Management LP increased its holdings in Century Aluminum by 76.3% during the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock valued at $10,346,000 after acquiring an additional 245,813 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Century Aluminum by 5.8% during the fourth quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company's stock worth $9,847,000 after buying an additional 29,400 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Stock Down 0.3%

Shares of NASDAQ CENX traded down $0.06 during trading on Monday, reaching $20.41. 1,374,070 shares of the stock were exchanged, compared to its average volume of 1,693,851. The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a twelve month low of $11.40 and a twelve month high of $25.39. The business's 50-day moving average price is $19.20 and its 200 day moving average price is $18.36. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.30 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data 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 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 19.06% and a net margin of 5.17%. As a group, equities analysts forecast that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Century Aluminum from a "buy" rating to a "hold" rating in a research report on Sunday.

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.