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Perennial Advisors LLC Invests $535,000 in Century Aluminum (NASDAQ:CENX)

Century Aluminum logo with Industrials background

Perennial Advisors LLC purchased a new stake in Century Aluminum (NASDAQ:CENX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,368 shares of the industrial products company's stock, valued at approximately $535,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vise Technologies Inc. purchased a new stake in Century Aluminum during the 4th quarter worth approximately $225,000. Two Sigma Advisers LP raised its holdings in Century Aluminum by 11.9% in the fourth quarter. Two Sigma Advisers LP now owns 131,183 shares of the industrial products company's stock valued at $2,390,000 after acquiring an additional 13,900 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Century Aluminum during the 4th quarter valued at $2,197,000. ProShare Advisors LLC grew its holdings in Century Aluminum by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 15,893 shares of the industrial products company's stock worth $290,000 after acquiring an additional 4,896 shares in the last quarter. Finally, Man Group plc raised its stake in shares of Century Aluminum by 76.7% in the 4th quarter. Man Group plc now owns 134,574 shares of the industrial products company's stock valued at $2,452,000 after purchasing an additional 58,435 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business'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 transaction of $49,975.00. Following the sale, the chief accounting officer now owns 64,083 shares of the company's stock, valued at $1,281,019.17. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research note 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 on the stock in a research note on Monday, February 24th.

Get Our Latest Research Report on Century Aluminum

Century Aluminum Stock Performance

Century Aluminum stock traded down $0.28 during midday trading on Thursday, reaching $15.85. 782,503 shares of the stock traded hands, compared to its average volume of 1,406,063. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 5.02 and a beta of 2.70. The firm has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $18.84.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued 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 analyst estimates of $643.80 million. On average, equities research analysts forecast that Century Aluminum will post 2.76 earnings per share for the current year.

Century Aluminum Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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