Millennium Management LLC Has $8.34 Million Stake in Century Aluminum (NASDAQ:CENX)

Millennium Management LLC increased its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 333.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 457,728 shares of the industrial products company's stock after buying an additional 352,186 shares during the period. Millennium Management LLC owned about 0.49% of Century Aluminum worth $8,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Century Aluminum by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company's stock worth $9,824,000 after buying an additional 51,770 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Century Aluminum by 5.1% in the fourth quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock worth $1,059,000 after buying an additional 2,801 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Century Aluminum in the fourth quarter worth $313,000. Glencore plc acquired a new position in Century Aluminum in the fourth quarter worth $729,427,000. Finally, Teacher Retirement System of Texas acquired a new position in Century Aluminum in the fourth quarter worth $264,000. Institutional investors own 61.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the company's stock in a transaction dated 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 directly owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.76% of the company's stock.

Century Aluminum Price Performance

Century Aluminum stock traded down $0.24 during midday trading on Thursday, hitting $15.89. The company's stock had a trading volume of 479,745 shares, compared to its average volume of 1,404,933. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average price is $16.48 and its 200-day moving average price is $18.84. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The company has a market capitalization of $1.48 billion, a PE ratio of 5.03 and a beta of 2.70.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. Analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

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.