Callan Family Office LLC Makes New Investment in Century Aluminum Company $CENX

Key Points

• Callan Family Office LLC has made a new investment in Century Aluminum Company, purchasing 14,706 shares valued at approximately $265,000.
• Certain large investors, including Woodline Partners LP and Nuveen LLC, have also significantly increased their stakes in Century Aluminum, highlighting growing institutional interest.
• Despite reporting a missed earnings estimate of ($0.05) EPS compared to the expected $0.34, the company achieved revenues of $628.10 million for the quarter, exceeding analyst expectations.

Callan Family Office LLC purchased a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,706 shares of the industrial products company's stock, valued at approximately $265,000.

Other large investors have also bought and sold shares of the company. Woodline Partners LP bought a new stake in shares of Century Aluminum during the first quarter valued at approximately $19,317,000. Nuveen LLC purchased a new stake in Century Aluminum in the first quarter worth $14,726,000. Encompass Capital Advisors LLC purchased a new stake in Century Aluminum in the first quarter worth $13,920,000. Boston Partners purchased a new stake in Century Aluminum in the first quarter worth $7,309,000. Finally, Foundry Partners LLC purchased a new stake in Century Aluminum in the first quarter worth $6,077,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Up 1.8%

Century Aluminum stock opened at $32.49 on Friday. The stock has a market cap of $3.03 billion, a PE ratio of 28.01 and a beta of 2.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. Century Aluminum Company has a one year low of $13.05 and a one year high of $33.25. The stock has a fifty day moving average of $25.67 and a 200 day moving average of $20.63.

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 analysts' consensus estimates of $0.34 by ($0.39). The firm had revenue of $628.10 million for the quarter, compared to analysts' expectations of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. As a group, sell-side analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

Insider Transactions at Century Aluminum

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the sale, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Agust F. Hafberg sold 9,493 shares of the company's stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $27.91, for a total value of $264,949.63. Following the completion of the sale, the senior vice president owned 55,260 shares of the company's stock, valued at approximately $1,542,306.60. The trade was a 14.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CENX. Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Wells Fargo & Company raised Century Aluminum to a "strong-buy" rating in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Century Aluminum in a report on Wednesday, October 8th. 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, September 9th. Finally, Zacks Research raised Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $28.50.

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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