Northern Trust Corp Acquires 29,400 Shares of Century Aluminum (NASDAQ:CENX)

Northern Trust Corp raised its position in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 540,448 shares of the industrial products company's stock after acquiring an additional 29,400 shares during the period. Northern Trust Corp owned approximately 0.58% of Century Aluminum worth $9,847,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CENX. New Age Alpha Advisors LLC bought a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $39,000. AlphaQuest LLC lifted its stake in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after purchasing an additional 2,427 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Century Aluminum by 159.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after purchasing an additional 2,000 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Century Aluminum during the fourth quarter worth $199,000. Finally, Inceptionr LLC bought a new stake in Century Aluminum during the fourth quarter worth $207,000. 61.59% of the stock is currently owned by institutional investors.

Insider Transactions at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the 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 transaction, the chief accounting officer now owns 64,083 shares of the company's stock, valued at $1,281,019.17. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a report on Friday, May 9th. BMO Capital Markets upgraded 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.

Century Aluminum Trading Down 0.7%

Century Aluminum stock traded down $0.11 during trading hours on Tuesday, reaching $16.17. 842,277 shares of the company's stock were exchanged, compared to its average volume of 1,409,258. 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 firm's 50 day simple moving average is $16.97 and its 200 day simple moving average is $19.03. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The firm has a market capitalization of $1.51 billion, a PE ratio of 5.12 and a beta of 2.70.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. Research analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

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.