Man Group plc Boosts Stock Position in Century Aluminum (NASDAQ:CENX)

Man Group plc boosted its position in Century Aluminum (NASDAQ:CENX - Free Report) by 76.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,574 shares of the industrial products company's stock after buying an additional 58,435 shares during the period. Man Group plc owned approximately 0.15% of Century Aluminum worth $2,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its stake in Century Aluminum by 208.3% in the fourth quarter. Nuveen Asset Management LLC now owns 413,223 shares of the industrial products company's stock valued at $7,529,000 after acquiring an additional 279,211 shares during the period. Millennium Management LLC grew its position in Century Aluminum by 333.7% in the 4th quarter. Millennium Management LLC now owns 457,728 shares of the industrial products company's stock valued at $8,340,000 after purchasing an additional 352,186 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Century Aluminum by 5.7% in 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. Jacobs Levy Equity Management Inc. increased its stake in Century Aluminum by 23.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 317,406 shares of the industrial products company's stock valued at $5,783,000 after purchasing an additional 60,904 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Century Aluminum by 14.9% during the 4th quarter. Deutsche Bank AG now owns 111,707 shares of the industrial products company's stock valued at $2,035,000 after purchasing an additional 14,450 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the sale, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

Century Aluminum Stock Performance

Shares of Century Aluminum stock traded down $0.20 during mid-day trading on Wednesday, hitting $16.16. 151,115 shares of the stock were exchanged, compared to its average volume of 1,403,401. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The company has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $18.85. The company has a market capitalization of $1.51 billion, a P/E ratio of 5.12 and a beta of 2.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. Sell-side analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Monday, February 24th.

Century Aluminum Company 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.