Century Aluminum Company $CENX Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Century Aluminum Company by 17.5%, owning approximately 0.20% of the company, valued at $3.53 million.
• Several hedge funds, including GAMMA Investing LLC and Wellington Management Group, modified their holdings in Century Aluminum, indicating strong interest from institutional investors, who own 61.59% of the company's stock.
• After missing earnings expectations with a reported EPS of (0.05), Century Aluminum's stock is currently down 1.6% and analysts have an average rating of "Buy" with a target price of $24.67.

Algert Global LLC grew its holdings in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,244 shares of the industrial products company's stock after buying an additional 28,376 shares during the quarter. Algert Global LLC owned 0.20% of Century Aluminum worth $3,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CENX. Caitong International Asset Management Co. Ltd boosted its stake in shares of Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock valued at $75,000 after buying an additional 2,909 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $101,000 after buying an additional 628 shares during the last quarter. Corton Capital Inc. purchased a new position in shares of Century Aluminum during the 4th quarter valued at approximately $189,000. Vise Technologies Inc. purchased a new position in shares of Century Aluminum during the 4th quarter valued at approximately $225,000. Finally, Dark Forest Capital Management LP lifted its stake in Century Aluminum by 19.5% during the fourth quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company's stock worth $271,000 after purchasing an additional 2,430 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. B. Riley raised their price objective on Century Aluminum from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets restated an "outperform" rating on shares of Century Aluminum in a research note on Friday, August 8th. Finally, Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $24.67.

Century Aluminum Stock Performance

NASDAQ CENX traded up $0.08 during trading hours on Monday, hitting $22.29. The company had a trading volume of 1,103,388 shares, compared to its average volume of 1,498,767. Century Aluminum Company has a fifty-two week low of $11.63 and a fifty-two week high of $25.39. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $20.51 and a 200-day simple moving average of $18.75. The firm has a market cap of $2.08 billion, a P/E ratio of 19.22 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued 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 return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $628.10 million during the quarter, compared to analyst estimates of $606.10 million. Equities analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

Insiders Place Their Bets

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares of the company's stock, valued at $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is owned by corporate insiders.

About Century Aluminum

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.