GAMMA Investing LLC Buys 95,768 Shares of Century Aluminum Company (NASDAQ:CENX)

GAMMA Investing LLC increased its position in Century Aluminum Company (NASDAQ:CENX - Free Report) by 1,999.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in Century Aluminum by 5.1% in the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock valued at $1,059,000 after acquiring an additional 2,801 shares during the period. Congress Asset Management Co. raised its holdings in Century Aluminum by 7.0% in the 4th quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company's stock valued at $3,982,000 after acquiring an additional 14,223 shares during the period. Principal Financial Group Inc. raised its holdings in Century Aluminum by 5.9% in the 4th quarter. Principal Financial Group Inc. now owns 319,702 shares of the industrial products company's stock valued at $5,825,000 after acquiring an additional 17,710 shares during the period. Bank of New York Mellon Corp raised its holdings in Century Aluminum by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 347,045 shares of the industrial products company's stock valued at $6,323,000 after acquiring an additional 19,129 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Century Aluminum by 63.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 44,111 shares of the industrial products company's stock valued at $804,000 after acquiring an additional 17,134 shares during the period. 61.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

CENX has been the topic of several research analyst reports. Wall Street Zen raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a 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.

Century Aluminum Stock Down 4.2%

Century Aluminum stock traded down $0.75 during midday trading on Wednesday, hitting $17.26. 1,493,812 shares of the stock were exchanged, compared to its average volume of 1,452,642. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 14.63 and a beta of 2.54. The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 52-week low of $11.40 and a 52-week high of $25.39. The business's 50-day moving average price is $16.94 and its 200-day moving average price is $18.44.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The company had revenue of $633.90 million during the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. On average, research analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

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.