XTX Topco Ltd Makes New Investment in Century Aluminum (NASDAQ:CENX)

XTX Topco Ltd acquired a new stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,283 shares of the industrial products company's stock, valued at approximately $333,000.

Several other institutional investors have also bought and sold shares of CENX. New Age Alpha Advisors LLC bought a new position in shares of Century Aluminum during the 4th quarter worth $39,000. AlphaQuest LLC grew its holdings in Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after buying an additional 2,427 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Century Aluminum during the fourth quarter valued at about $54,000. Nisa Investment Advisors LLC lifted its holdings in shares of Century Aluminum by 159.2% in 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Century Aluminum in the fourth quarter valued at approximately $199,000. Institutional investors own 61.59% of the company's stock.

Insiders Place Their Bets

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 0.68% of the company's stock.

Century Aluminum Price Performance

Shares of NASDAQ CENX traded down $0.14 during mid-day trading on Tuesday, reaching $16.60. 318,486 shares of the company were exchanged, compared to its average volume of 1,385,651. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The company's 50 day moving average price is $17.66 and its 200 day moving average price is $19.15. The stock has a market capitalization of $1.53 billion, a PE ratio of 5.23 and a beta of 2.56. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

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

Analyst Ratings Changes

CENX has been the topic of several recent analyst reports. StockNews.com cut shares of Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective 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.