Voloridge Investment Management LLC Sells 132,247 Shares of Century Aluminum (NASDAQ:CENX)

Voloridge Investment Management LLC lessened its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 781,366 shares of the industrial products company's stock after selling 132,247 shares during the period. Voloridge Investment Management LLC owned 0.84% of Century Aluminum worth $14,236,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Park Avenue Securities LLC bought a new position in Century Aluminum during the fourth quarter worth $337,000. Nisa Investment Advisors LLC raised its stake in Century Aluminum by 159.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after buying an additional 2,000 shares during the last quarter. Advisors Preferred LLC bought a new position in Century Aluminum during the fourth quarter worth $683,000. Empowered Funds LLC raised its stake in Century Aluminum by 5.1% during the fourth quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company's stock worth $1,059,000 after buying an additional 2,801 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in Century Aluminum by 7.0% during the fourth quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company's stock worth $3,982,000 after buying an additional 14,223 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Stock Performance

CENX traded down $0.34 during midday trading on Thursday, reaching $15.79. The company had a trading volume of 252,296 shares, compared to its average volume of 1,404,108. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The stock has a market cap of $1.47 billion, a PE ratio of 4.99 and a beta of 2.70. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39. The business has a 50-day moving average price of $16.48 and a two-hundred day moving average price of $18.84.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. On average, sell-side analysts expect that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CENX shares. Wall Street Zen raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Monday, February 24th.

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.