GAMMA Investing LLC Raises Stock Position in Century Aluminum (NASDAQ:CENX)

GAMMA Investing LLC grew its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 1,999.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,558 shares of the industrial products company's stock after purchasing an additional 95,768 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of Century Aluminum worth $1,866,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of Century Aluminum in the fourth quarter valued at about $39,000. Wellington Management Group LLP boosted its position in Century Aluminum by 0.6% during the fourth 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 during the last quarter. AlphaQuest LLC boosted its position in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after acquiring an additional 2,427 shares during the last quarter. Dark Forest Capital Management LP boosted its position 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 acquiring an additional 2,430 shares during the last quarter. Finally, Barclays PLC boosted its position in Century Aluminum by 2.6% during the fourth quarter. Barclays PLC now owns 99,918 shares of the industrial products company's stock worth $1,820,000 after acquiring an additional 2,522 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Trading Up 0.2%

CENX stock traded up $0.03 during trading on Friday, reaching $19.06. 1,158,959 shares of the stock were exchanged, compared to its average volume of 1,451,597. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $16.78 and a 200-day moving average price of $18.51. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 6.03 and a beta of 2.54.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The firm had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. On average, research analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research report on Monday, February 24th.

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.