Perennial Advisors LLC Purchases Shares of 29,368 Century Aluminum (NASDAQ:CENX)

Perennial Advisors LLC bought a new stake in Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 29,368 shares of the industrial products company's stock, valued at approximately $535,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC purchased a new position in shares of Century Aluminum during the 4th quarter worth $337,000. Nisa Investment Advisors LLC boosted 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 valued at $59,000 after buying an additional 2,000 shares during the last quarter. Advisors Preferred LLC bought a new position in Century Aluminum during the fourth quarter valued at $683,000. Empowered Funds LLC increased its stake in Century Aluminum by 5.1% during the fourth quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock worth $1,059,000 after acquiring an additional 2,801 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in Century Aluminum by 7.0% during the 4th quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company's stock valued at $3,982,000 after buying an additional 14,223 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at $1,281,019.17. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.76% of the stock is owned by company insiders.

Century Aluminum Stock Performance

Century Aluminum stock traded down $0.29 during mid-day trading on Friday, reaching $15.56. 532,185 shares of the company were exchanged, compared to its average volume of 1,405,311. The firm has a market cap of $1.45 billion, a PE ratio of 4.92 and a beta of 2.70. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The firm's 50-day simple moving average is $16.42 and its two-hundred day simple moving average is $18.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. Equities analysts predict 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.