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Compass Wealth Management LLC Purchases New Stake in Century Aluminum Company (NASDAQ:CENX)

Century Aluminum logo with Industrials background

Compass Wealth Management LLC acquired a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,200 shares of the industrial products company's stock, valued at approximately $598,000.

A number of other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $39,000. AlphaQuest LLC grew its position in shares of Century Aluminum by 2,889.3% in the 4th 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 in the last quarter. GAMMA Investing LLC grew its position 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 acquiring an additional 628 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of Century Aluminum in the 4th quarter worth approximately $189,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Century Aluminum during the 4th quarter valued at approximately $199,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Century Aluminum from a "hold" rating to a "buy" rating in a research report on Saturday.

Read Our Latest Research Report on CENX

Century Aluminum Price Performance

Shares of CENX traded down $0.48 during midday trading on Monday, reaching $18.37. The stock had a trading volume of 1,120,733 shares, compared to its average volume of 1,430,478. Century Aluminum Company has a 52 week low of $11.40 and a 52 week high of $25.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 0.63. The firm's 50 day moving average price is $17.46 and its 200-day moving average price is $18.09. The company has a market capitalization of $1.71 billion, a P/E ratio of 15.57 and a beta of 2.55.

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

About Century Aluminum

(Free Report)

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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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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