Century Aluminum (NASDAQ:CENX) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,406 shares of the industrial products company's stock after purchasing an additional 60,904 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.34% of Century Aluminum worth $5,783,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Glencore plc purchased a new position in shares of Century Aluminum in the 4th quarter worth $729,427,000. Pertento Partners LLP acquired a new position in shares of Century Aluminum in the 4th quarter valued at about $7,678,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Century Aluminum by 348.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock worth $9,055,000 after purchasing an additional 386,133 shares during the period. Balyasny Asset Management L.P. increased its position in Century Aluminum by 117.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 460,796 shares of the industrial products company's stock worth $8,396,000 after purchasing an additional 249,323 shares in the last quarter. Finally, Yaupon Capital Management LP increased its position in Century Aluminum by 76.3% during the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock worth $10,346,000 after purchasing an additional 245,813 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at $1,281,019.17. This represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Century Aluminum Stock Down 0.4%

Century Aluminum stock traded down $0.07 during midday trading on Monday, hitting $16.32. 200,479 shares of the company were exchanged, compared to its average volume of 1,409,323. The company has a market cap of $1.52 billion, a PE ratio of 5.15 and a beta of 2.70. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The company's fifty day moving average price is $17.09 and its 200-day moving average price is $19.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its 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). The firm had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. On average, research analysts predict that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

CENX has been the subject of several research reports. StockNews.com upgraded 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 report on Monday, February 24th.

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.