Nuveen Asset Management LLC Increases Position in Century Aluminum (NASDAQ:CENX)

Nuveen Asset Management LLC increased its stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 208.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,223 shares of the industrial products company's stock after purchasing an additional 279,211 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.45% of Century Aluminum worth $7,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CENX. Nisa Investment Advisors LLC raised its position in shares of Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after buying an additional 2,000 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Century Aluminum in the 4th quarter valued at $39,000. Wellington Management Group LLP raised its holdings in Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock valued at $7,499,000 after acquiring an additional 2,358 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Century Aluminum by 2,889.3% during the 4th 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 period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Century Aluminum by 19.5% during the fourth quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company's stock worth $271,000 after purchasing an additional 2,430 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by insiders.

Century Aluminum Trading Up 3.4%

Shares of NASDAQ CENX traded up $0.63 during midday trading on Tuesday, hitting $19.42. The stock had a trading volume of 2,447,702 shares, compared to its average volume of 1,440,280. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 6.15 and a beta of 2.70. The company has a fifty day moving average price of $16.36 and a 200 day moving average price of $18.70.

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 the consensus estimate of $0.53 by ($0.25). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The business had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. On average, analysts predict that Century Aluminum will post 2.76 earnings per share for the current 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.