Caxton Associates LLP Invests $633,000 in Century Aluminum Company $CENX

Key Points

• Caxton Associates LLP has acquired a new stake in Century Aluminum Company, purchasing 34,115 shares valued at approximately $633,000 during the first quarter.
• Multiple institutional investors, including Jones Financial Companies and Caitong International Asset Management, have also increased their stakes in Century Aluminum, highlighting growing interest in the stock.
• Analysts have mixed ratings for Century Aluminum, with Zacks upgrading it to a "strong-buy" while other firms maintain a "buy" or "hold" rating, reflecting diverse expectations for its performance.

Caxton Associates LLP bought a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,115 shares of the industrial products company's stock, valued at approximately $633,000.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Century Aluminum by 13.1% in the 1st 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 period. Jones Financial Companies Lllp bought a new position in shares of Century Aluminum in the 1st quarter worth $25,000. Wellington Management Group LLP raised its position in shares of Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after acquiring an additional 2,358 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Century Aluminum by 12.9% in the 1st quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company's stock worth $388,000 after acquiring an additional 2,381 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Century Aluminum by 261.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after acquiring an additional 2,909 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Performance

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

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results 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). 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 analysts' expectations of $606.10 million. As a group, equities analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BMO Capital Markets restated an "outperform" rating on shares of Century Aluminum in a research note on Friday, August 8th. Wall Street Zen downgraded Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. 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 research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $25.67.

Insiders Place Their Bets

In related 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 transaction, the senior vice president owned 62,589 shares of the company's stock, valued at approximately $1,456,446.03. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company's stock.

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.