GSA Capital Partners LLP Purchases Shares of 96,896 Century Aluminum Company (NASDAQ:CENX)

Key Points

• GSA Capital Partners LLP has invested approximately $1.80 million in Century Aluminum Company (NASDAQ:CENX), acquiring nearly 97,000 shares, which represents about 0.10% of the company.
• Other hedge funds have increased their stakes in Century Aluminum significantly; for example, Glencore plc added a new stake valued at $729 million during the fourth quarter.
• Century Aluminum's recent earnings showed a missed estimate, reporting $0.28 EPS compared to the consensus estimate of $0.53, with revenues also falling short of expectations at $633.9 million.

GSA Capital Partners LLP acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 96,896 shares of the industrial products company's stock, valued at approximately $1,798,000. GSA Capital Partners LLP owned about 0.10% of Century Aluminum at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in Century Aluminum during the fourth quarter worth about $39,000. GAMMA Investing LLC increased its position in Century Aluminum by 13.1% during 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 during the last quarter. Corton Capital Inc. acquired a new stake in Century Aluminum during the fourth quarter worth about $189,000. KLP Kapitalforvaltning AS purchased a new stake in Century Aluminum in the 4th quarter valued at about $199,000. Finally, Vise Technologies Inc. purchased a new stake in Century Aluminum in the 4th quarter valued at about $225,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Trading Down 3.3%

CENX traded down $0.69 on Friday, hitting $20.49. The company had a trading volume of 1,005,601 shares, compared to its average volume of 1,690,911. The firm has a market cap of $1.91 billion, a P/E ratio of 17.40 and a beta of 2.55. Century Aluminum Company has a 1 year low of $11.40 and a 1 year high of $25.39. The company's fifty day moving average price is $19.11 and its 200 day moving average price is $18.38. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued 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 analysts' expectations of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. As a group, equities analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Century Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.

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.