Three Seasons Wealth LLC Takes Position 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 bought 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 and Exchange Commission (SEC). The firm bought 25,036 shares of the industrial products company's stock, valued at approximately $451,000.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings 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 valued at $101,000 after acquiring an additional 628 shares during the last quarter. Empowered Funds LLC boosted its holdings in Century Aluminum by 1.8% in the first quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company's stock valued at $1,098,000 after acquiring an additional 1,069 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Century Aluminum in the first quarter valued at about $25,000. Wellington Management Group LLP boosted its holdings in Century Aluminum by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock valued at $7,499,000 after acquiring an additional 2,358 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Century Aluminum by 12.9% in the first quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company's stock valued at $388,000 after acquiring an additional 2,381 shares during the last quarter. Institutional investors own 61.59% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. BMO Capital Markets restated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Finally, B. Riley raised their target price on Century Aluminum from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. 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, Century Aluminum currently has an average rating of "Buy" and an average target price of $25.67.

Century Aluminum Stock Down 0.8%

Shares of NASDAQ:CENX traded down $0.22 during trading on Monday, hitting $27.35. 1,602,751 shares of the company were exchanged, compared to its average volume of 1,672,498. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a fifty-two week low of $13.05 and a fifty-two week high of $28.43. The firm has a fifty day moving average price of $22.58 and a two-hundred day moving average price of $19.26. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 23.58 and a beta of 2.55.

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

Insider Activity at Century Aluminum

In other news, SVP Matt Aboud sold 12,027 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president owned 62,589 shares of the company's stock, valued at approximately $1,456,446.03. The trade was a 16.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.76% of the company's stock.

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.