CoreCommodity Management LLC Has $1.44 Million Holdings in Century Aluminum (NASDAQ:CENX)

CoreCommodity Management LLC grew its position in shares of Century Aluminum (NASDAQ:CENX) by 28.4% in the 4th quarter, Holdings Channel reports. The firm owned 78,749 shares of the industrial products company’s stock after acquiring an additional 17,395 shares during the quarter. CoreCommodity Management LLC’s holdings in Century Aluminum were worth $1,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised 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 worth $59,000 after buying an additional 2,000 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Century Aluminum during the 4th quarter worth about $39,000. Franklin Resources Inc. grew its holdings in 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 during the period. Wellington Management Group LLP raised its position in shares of Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock worth $7,499,000 after acquiring an additional 2,358 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CENX shares. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Monday, February 24th. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

Insider Transactions at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the business’s 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 completion of the sale, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Century Aluminum Price Performance

CENX stock opened at $16.45 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The company’s 50-day moving average is $17.37 and its 200-day moving average is $19.11. The stock has a market capitalization of $1.53 billion, a PE ratio of 5.21 and a beta of 2.70. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. 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 business earned $0.39 EPS. Equities research analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

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.