Los Angeles Capital Management LLC Acquires 17,134 Shares of Century Aluminum (NASDAQ:CENX)

Los Angeles Capital Management LLC grew its stake in shares of Century Aluminum (NASDAQ:CENX) by 63.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,111 shares of the industrial products company’s stock after buying an additional 17,134 shares during the period. Los Angeles Capital Management LLC’s holdings in Century Aluminum were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted 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 valued at $59,000 after buying an additional 2,000 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Century Aluminum by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after acquiring an additional 2,198 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Century Aluminum by 5.1% during the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company’s stock valued at $1,059,000 after acquiring an additional 2,801 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Century Aluminum in the fourth quarter valued at $54,000. Finally, Charles Schwab Investment Management Inc. increased its position in Century Aluminum by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock worth $7,910,000 after purchasing an additional 10,105 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Price Performance

CENX opened at $18.95 on Monday. The business has a fifty day moving average of $19.30 and a 200 day moving average of $18.33. The stock has a market cap of $1.76 billion, a P/E ratio of 6.00 and a beta of 2.50. 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 has a 52-week low of $10.06 and a 52-week high of $25.39.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $631.00 million for the quarter, compared to the consensus estimate of $515.27 million. During the same period in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

CENX has been the subject of several research reports. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Tuesday, December 3rd. B. Riley increased their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, 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.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now directly owns 50,753 shares in the company, valued at approximately $962,784.41. This represents a 36.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by company 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.