Hodges Capital Management Inc. Buys New Stake in Century Aluminum Company $CENX

Hodges Capital Management Inc. acquired a new stake in Century Aluminum Company (NASDAQ:CENX) in the first quarter, Holdings Channel reports. The institutional investor acquired 20,000 shares of the industrial products company’s stock, valued at approximately $371,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Century Aluminum during the first quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Century Aluminum by 261.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 2,909 shares during the last quarter. GAMMA Investing LLC grew its position in Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 628 shares during the period. AlphaQuest LLC grew its position in Century Aluminum by 177.6% in the first quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 4,459 shares during the period. Finally, Vise Technologies Inc. acquired a new position in shares of Century Aluminum in the 4th quarter worth approximately $225,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Insider Buying and Selling at Century Aluminum

In other news, SVP Matt Aboud sold 12,027 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total value of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares in the company, valued at approximately $1,456,446.03. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

CENX has been the topic of several recent analyst reports. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. Wall Street Zen lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. B. Riley upped their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Century Aluminum in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, Century Aluminum currently has an average rating of “Buy” and a consensus target price of $25.67.

Century Aluminum Price Performance

Century Aluminum stock opened at $26.09 on Friday. The firm has a market cap of $2.44 billion, a PE ratio of 22.49 and a beta of 2.55. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $26.10. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $21.83 and its two-hundred day moving average is $18.98.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The business had revenue of $628.10 million for the quarter, compared to analyst estimates of $606.10 million. On average, research analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal 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.