Foundry Partners LLC Takes $6.08 Million Position in Century Aluminum Company (NASDAQ:CENX)

Foundry Partners LLC purchased a new stake in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in Century Aluminum during the 4th quarter worth $39,000. AlphaQuest LLC grew its stake in Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after buying an additional 2,427 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after purchasing an additional 628 shares in the last quarter. Corton Capital Inc. bought a new position in shares of Century Aluminum in the fourth quarter worth $189,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Century Aluminum in the fourth quarter worth $199,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

Shares of NASDAQ:CENX traded up $0.33 on Tuesday, hitting $22.53. The company's stock had a trading volume of 2,539,346 shares, compared to its average volume of 1,432,537. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.09 and a beta of 2.55. The stock's 50-day moving average is $18.06 and its two-hundred day moving average is $18.17. Century Aluminum Company has a 12 month low of $11.40 and a 12 month high of $25.39.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a research note on Friday.

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.