Three Seasons Wealth LLC Acquires New Holdings in Century Aluminum Company $CENX

Key Points

• Three Seasons Wealth LLC has acquired a new position in Century Aluminum Company, purchasing 25,036 shares valued at around $451,000 during the 2nd quarter.
• Institutional ownership of Century Aluminum has increased, with major stakeholders like Millennium Management boosting their stake by 333.7% in the last quarter.
• Despite a missed earnings estimate of ($0.05) EPS, Century Aluminum reported a revenue of $628.10 million, exceeding analyst expectations of $606.10 million.

Three Seasons Wealth LLC acquired a new stake in Century Aluminum Company (NASDAQ:CENX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,036 shares of the industrial products company's stock, valued at approximately $451,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum during the first quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of Century Aluminum by 261.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after purchasing an additional 2,909 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Century Aluminum by 13.1% in the 1st 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. AlphaQuest LLC raised its position in Century Aluminum by 177.6% in the 1st quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company's stock worth $129,000 after buying an additional 4,459 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $225,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Trading Down 0.2%

CENX stock traded down $0.04 during trading on Tuesday, reaching $27.31. 483,016 shares of the stock traded hands, compared to its average volume of 1,668,699. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $28.43. The business's 50 day moving average price is $22.72 and its 200-day moving average price is $19.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The firm has a market capitalization of $2.55 billion, a PE ratio of 23.52 and a beta of 2.55.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share 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 analyst estimates of $606.10 million. As a group, sell-side analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Matt Aboud sold 12,027 shares of Century Aluminum stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares of the company's stock, valued at $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CENX has been the subject of a number of recent research reports. B. Riley boosted their price objective on Century Aluminum from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Century Aluminum in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $25.67.

About Century Aluminum

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.