Quantbot Technologies LP Has $2.24 Million Stake in Century Aluminum Company $CENX

Key Points

• Quantbot Technologies LP increased its position in Century Aluminum Company by 144% during the first quarter, acquiring an additional 71,333 shares to hold a total of 120,878 shares, valued at approximately $2.24 million.
• Several institutional investors have also increased their stakes in Century Aluminum, with 61.59% of the stock currently owned by hedge funds and other institutional investors.
• Century Aluminum reported a net loss of ($0.05) per share for the last quarter, missing analysts’ expectations, but its revenue of $628.10 million surpassed estimates of $606.10 million.

Quantbot Technologies LP increased its holdings in Century Aluminum Company (NASDAQ:CENX - Free Report) by 144.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,878 shares of the industrial products company's stock after purchasing an additional 71,333 shares during the quarter. Quantbot Technologies LP owned 0.13% of Century Aluminum worth $2,243,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CENX. Caitong International Asset Management Co. Ltd increased its position in shares of Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after acquiring an additional 2,909 shares in the last quarter. GAMMA Investing LLC grew its position 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 worth $101,000 after acquiring an additional 628 shares in the last quarter. Corton Capital Inc. bought a new stake in Century Aluminum in the fourth quarter worth approximately $189,000. Vise Technologies Inc. bought a new stake in shares of Century Aluminum during the 4th quarter worth $225,000. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Century Aluminum by 19.5% during the 4th quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company's stock worth $271,000 after buying an additional 2,430 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Matt Aboud sold 12,027 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the sale, the senior vice president owned 62,589 shares of the company's stock, valued at $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.76% of the stock is owned by corporate insiders.

Century Aluminum Stock Up 0.4%

CENX traded up $0.09 during trading on Tuesday, reaching $22.38. 417,334 shares of the stock were exchanged, compared to its average volume of 1,662,012. The stock has a market cap of $2.09 billion, a P/E ratio of 19.30 and a beta of 2.53. Century Aluminum Company has a twelve month low of $11.63 and a twelve month high of $25.39. The stock's 50 day moving average price is $20.51 and its two-hundred day moving average price is $18.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $628.10 million for the quarter, compared to the consensus estimate of $606.10 million. Equities analysts expect that Century Aluminum Company will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a research report on Friday, August 8th. B. Riley raised their price objective on shares of Century Aluminum from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Zacks Research raised shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $24.67.

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.