Penn Capital Management Company LLC Has $7.11 Million Stake in Century Aluminum (NASDAQ:CENX)

Penn Capital Management Company LLC reduced its stake in Century Aluminum (NASDAQ:CENX - Free Report) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 390,255 shares of the industrial products company's stock after selling 53,849 shares during the period. Penn Capital Management Company LLC owned 0.42% of Century Aluminum worth $7,110,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CENX. Dauntless Investment Group LLC bought a new position in Century Aluminum during the fourth quarter worth about $387,000. Engine NO. 1 LLC bought a new stake in Century Aluminum in the fourth quarter valued at approximately $2,478,000. Price T Rowe Associates Inc. MD raised its holdings in Century Aluminum by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,726 shares of the industrial products company's stock worth $688,000 after purchasing an additional 3,276 shares during the period. Dark Forest Capital Management LP boosted its position in shares of Century Aluminum by 19.5% during the fourth quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company's stock worth $271,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Yaupon Capital Management LP increased its position in shares of Century Aluminum by 76.3% in the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock valued at $10,346,000 after buying an additional 245,813 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Down 0.1 %

NASDAQ CENX traded down $0.02 on Tuesday, reaching $16.72. The company had a trading volume of 535,299 shares, compared to its average volume of 1,747,328. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 5.29 and a beta of 2.56. The company's fifty day moving average is $17.66 and its 200-day moving average is $19.15. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts forecast that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CENX shares. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Monday, February 24th. StockNews.com lowered Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

Insider Activity

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the sale, the chief accounting officer now directly owns 64,083 shares of the company's stock, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is owned by corporate insiders.

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.