21,979 Shares in Century Aluminum Company $CENX Purchased by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. has acquired a new stake in Century Aluminum Company, purchasing 21,979 shares valued at approximately $408,000 during the first quarter.
• Several other institutional investors, including Cambridge Investment Research Advisors Inc. and Teacher Retirement System of Texas, have significantly increased their holdings in Century Aluminum, highlighting growing investor interest in the company.
• In its recent earnings report, Century Aluminum missed analysts' expectations for earnings per share, but achieved revenue of $628.10 million, surpassing the forecast of $606.10 million.

Aristeia Capital L.L.C. purchased a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,979 shares of the industrial products company's stock, valued at approximately $408,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CENX. Jones Financial Companies Lllp purchased a new position in Century Aluminum during the 1st quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its stake in 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 acquiring an additional 2,909 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 acquiring an additional 628 shares in the last quarter. AlphaQuest LLC grew its stake in Century Aluminum by 177.6% during the 1st quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company's stock valued at $129,000 after acquiring an additional 4,459 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in Century Aluminum during the 4th quarter valued at about $225,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insider Activity

In other news, SVP Matt Aboud sold 12,027 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the transaction, the senior vice president owned 62,589 shares of the company's stock, valued at $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.76% of the stock is owned by company insiders.

Century Aluminum Stock Performance

Shares of CENX traded up $1.57 on Friday, reaching $26.09. 3,394,320 shares of the stock traded hands, compared to its average volume of 1,295,130. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 22.49 and a beta of 2.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. Century Aluminum Company has a 12 month low of $13.05 and a 12 month high of $26.10. The stock's 50-day moving average price is $21.83 and its 200-day moving average price is $18.98.

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

Wall Street Analyst Weigh In

CENX has been the subject of several research reports. Wall Street Zen lowered Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. BMO Capital Markets restated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Finally, B. Riley boosted their target price on Century Aluminum from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, Century Aluminum currently has a consensus rating of "Buy" and a consensus target price of $25.67.

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.