Quantbot Technologies LP Acquires 71,333 Shares of 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 grew its holdings in Century Aluminum Company (NASDAQ:CENX - Free Report) by 144.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,878 shares of the industrial products company's stock after acquiring an additional 71,333 shares during the period. Quantbot Technologies LP owned about 0.13% of Century Aluminum worth $2,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in CENX. Caitong International Asset Management Co. Ltd lifted 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 valued at $75,000 after acquiring an additional 2,909 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 628 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Century Aluminum in the fourth quarter worth about $189,000. Vise Technologies Inc. bought a new stake in shares of Century Aluminum in the fourth quarter worth about $225,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of Century Aluminum by 19.5% in 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. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CENX. Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. B. Riley lifted their target price on Century Aluminum from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Finally, Zacks Research raised Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, Century Aluminum currently has an average rating of "Buy" and an average price target of $24.67.

Insiders Place Their Bets

In other news, SVP Matt Aboud sold 12,027 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the transaction, the senior vice president owned 62,589 shares of the company's stock, valued at approximately $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Century Aluminum Trading Up 0.7%

NASDAQ CENX traded up $0.16 during trading hours on Monday, hitting $22.37. 721,629 shares of the company were exchanged, compared to its average volume of 1,667,440. The stock has a 50-day moving average price of $20.43 and a 200 day moving average price of $18.72. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 52 week low of $11.63 and a 52 week high of $25.39. The stock has a market cap of $2.09 billion, a PE ratio of 19.27 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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. Analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Century Aluminum 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.