Foundry Partners LLC Acquires New Stake in Century Aluminum Company (NASDAQ:CENX)

Foundry Partners LLC bought a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 327,421 shares of the industrial products company's stock, valued at approximately $6,077,000. Foundry Partners LLC owned approximately 0.35% of Century Aluminum at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Glencore plc purchased a new stake in shares of Century Aluminum in the fourth quarter worth about $729,427,000. Dimensional Fund Advisors LP raised its position in shares of Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock worth $53,531,000 after purchasing an additional 28,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Century Aluminum by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock valued at $37,665,000 after purchasing an additional 111,203 shares during the period. Yaupon Capital Management LP grew its stake in shares of Century Aluminum by 76.3% during the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock valued at $10,346,000 after acquiring an additional 245,813 shares during the period. Finally, Northern Trust Corp raised its holdings in Century Aluminum by 5.8% during the 4th quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company's stock valued at $9,847,000 after buying an additional 29,400 shares during the period. 61.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Century Aluminum from a "buy" rating to a "hold" rating in a report on Friday.

Century Aluminum Trading Up 1.1%

Shares of CENX stock opened at $20.32 on Friday. Century Aluminum Company has a 12-month low of $11.40 and a 12-month high of $25.39. The firm has a 50 day moving average price of $18.06 and a two-hundred day moving average price of $18.16. The company has a market capitalization of $1.90 billion, a PE ratio of 17.22 and a beta of 2.55. 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 (NASDAQ:CENX - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share 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 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, analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current year.

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.

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