Polar Asset Management Partners Inc. Takes $2.20 Million Position in Century Aluminum (NASDAQ:CENX)

Polar Asset Management Partners Inc. acquired a new stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,586 shares of the industrial products company's stock, valued at approximately $2,197,000. Polar Asset Management Partners Inc. owned 0.13% of Century Aluminum as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Glencore plc acquired a new position in Century Aluminum during the 4th quarter worth $729,427,000. Pertento Partners LLP bought a new stake in shares of Century Aluminum in the 4th quarter worth approximately $7,678,000. Arrowstreet Capital Limited Partnership increased its position in shares of Century Aluminum by 348.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock worth $9,055,000 after acquiring an additional 386,133 shares in the last quarter. Millennium Management LLC increased its position in shares of Century Aluminum by 333.7% in the fourth quarter. Millennium Management LLC now owns 457,728 shares of the industrial products company's stock worth $8,340,000 after acquiring an additional 352,186 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Century Aluminum by 208.3% during the fourth quarter. Nuveen Asset Management LLC now owns 413,223 shares of the industrial products company's stock valued at $7,529,000 after purchasing an additional 279,211 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts have commented on CENX shares. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a research report on Monday, February 24th. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, May 9th.

Century Aluminum Stock Down 0.7%

Shares of CENX stock traded down $0.11 on Tuesday, hitting $16.17. 842,277 shares of the stock were exchanged, compared to its average volume of 1,409,258. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39. The business has a 50-day moving average of $17.03 and a 200 day moving average of $19.05. The firm has a market capitalization of $1.51 billion, a P/E ratio of 5.12 and a beta of 2.70. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. Equities analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

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.