FNY Investment Advisers LLC Increases Stock Holdings in Century Aluminum Company (NASDAQ:CENX)

FNY Investment Advisers LLC grew its stake in Century Aluminum Company (NASDAQ:CENX - Free Report) by 1,328.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,865 shares of the industrial products company's stock after acquiring an additional 39,865 shares during the quarter. FNY Investment Advisers LLC's holdings in Century Aluminum were worth $795,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Glencore plc bought a new stake in Century Aluminum in the fourth quarter worth $729,427,000. Dimensional Fund Advisors LP boosted its holdings in Century Aluminum by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock worth $53,531,000 after acquiring an additional 28,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Century Aluminum by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock worth $37,665,000 after acquiring an additional 111,203 shares in the last quarter. Yaupon Capital Management LP boosted its holdings in Century Aluminum by 76.3% in the fourth quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock worth $10,346,000 after acquiring an additional 245,813 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Century Aluminum by 5.8% in the fourth quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company's stock worth $9,847,000 after acquiring an additional 29,400 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CENX. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Monday, February 24th. Wall Street Zen raised Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, May 9th.

Century Aluminum Stock Performance

Shares of NASDAQ:CENX traded down $0.75 during midday trading on Thursday, reaching $17.26. 1,493,812 shares of the company's stock traded hands, compared to its average volume of 1,452,642. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 14.63 and a beta of 2.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84. Century Aluminum Company has a one year low of $11.40 and a one year high of $25.39. The stock has a 50 day moving average of $16.94 and a 200 day moving average of $18.44.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly 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 business had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. As a group, equities research analysts anticipate 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.