Senator Investment Group LP Buys Shares of 68,991 Century Aluminum Company $CENX

Key Points

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Senator Investment Group LP purchased a new position in Century Aluminum Company (NASDAQ:CENX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 68,991 shares of the industrial products company's stock, valued at approximately $1,280,000. Senator Investment Group LP owned 0.07% of Century Aluminum at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Glencore plc bought a new stake in shares of Century Aluminum in the 4th quarter valued at about $729,427,000. Dimensional Fund Advisors LP boosted its stake in Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock worth $53,531,000 after purchasing an additional 28,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Century Aluminum by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock worth $37,665,000 after purchasing an additional 111,203 shares in the last quarter. Nuveen LLC acquired a new stake in Century Aluminum in the 1st quarter worth approximately $14,726,000. Finally, Wellington Management Group LLP boosted its stake in Century Aluminum by 68.6% in the 1st quarter. Wellington Management Group LLP now owns 693,752 shares of the industrial products company's stock worth $12,876,000 after purchasing an additional 282,163 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insider Activity

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 value 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 approximately $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.76% of the company's stock.

Century Aluminum Trading Up 1.1%

Shares of CENX traded up $0.24 during mid-day trading on Friday, reaching $22.21. The stock had a trading volume of 1,884,674 shares, compared to its average volume of 1,473,134. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. Century Aluminum Company has a 52-week low of $11.63 and a 52-week high of $25.39. The business's fifty day moving average is $20.43 and its 200 day moving average is $18.72. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 19.15 and a beta of 2.53.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Zacks Research raised shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. B. Riley upped their target price on shares of Century Aluminum from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $24.67.

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.