Monaco Asset Management SAM Invests $2.55 Million in Century Aluminum Company (NASDAQ:CENX)

Monaco Asset Management SAM purchased a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 137,500 shares of the industrial products company's stock, valued at approximately $2,552,000. Century Aluminum comprises about 0.5% of Monaco Asset Management SAM's portfolio, making the stock its 22nd biggest holding. Monaco Asset Management SAM owned approximately 0.15% of Century Aluminum at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Century Aluminum in the fourth quarter valued at $39,000. GAMMA Investing LLC boosted its holdings in Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $101,000 after acquiring an additional 628 shares during the last quarter. Corton Capital Inc. acquired a new position in Century Aluminum in the fourth quarter valued at $189,000. KLP Kapitalforvaltning AS acquired a new position in Century Aluminum in the fourth quarter valued at $199,000. Finally, Vise Technologies Inc. acquired a new position in Century Aluminum in the fourth quarter valued at $225,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

CENX traded down $0.71 on Friday, hitting $20.47. 1,639,849 shares of the company's stock were exchanged, compared to its average volume of 1,572,251. The firm has a market cap of $1.91 billion, a PE ratio of 17.35 and a beta of 2.53. Century Aluminum Company has a twelve month low of $11.40 and a twelve month high of $25.39. The stock has a fifty day moving average of $19.20 and a two-hundred day moving average of $18.39. 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 posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS 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 the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. On average, research analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Century Aluminum 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.