ANTIPODES PARTNERS Ltd Makes New Investment in Century Aluminum Company $CENX

ANTIPODES PARTNERS Ltd bought a new position in shares of Century Aluminum Company (NASDAQ:CENX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 153,131 shares of the industrial products company’s stock, valued at approximately $2,760,000. ANTIPODES PARTNERS Ltd owned 0.16% of Century Aluminum at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Woodline Partners LP purchased a new position in Century Aluminum during the first quarter worth about $19,317,000. Impala Asset Management LLC boosted its stake in Century Aluminum by 33.6% during the first quarter. Impala Asset Management LLC now owns 932,154 shares of the industrial products company’s stock worth $17,301,000 after buying an additional 234,673 shares during the period. Nuveen LLC acquired a new stake in shares of Century Aluminum during the first quarter worth about $14,726,000. Encompass Capital Advisors LLC acquired a new stake in shares of Century Aluminum during the first quarter worth about $13,920,000. Finally, Wellington Management Group LLP lifted its position in shares of Century Aluminum by 68.6% during the first quarter. Wellington Management Group LLP now owns 693,752 shares of the industrial products company’s stock worth $12,876,000 after purchasing an additional 282,163 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Down 0.1%

Shares of NASDAQ:CENX opened at $29.62 on Friday. The firm’s 50 day moving average price is $27.38 and its 200 day moving average price is $21.83. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 25.53 and a beta of 2.52. Century Aluminum Company has a fifty-two week low of $13.05 and a fifty-two week high of $34.51. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.39). The firm had revenue of $628.10 million during the quarter, compared to analyst estimates of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. As a group, equities research analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Insider Activity at Century Aluminum

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president owned 62,589 shares of the company’s stock, valued at approximately $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Agust F. Hafberg sold 9,493 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $27.91, for a total transaction of $264,949.63. Following the sale, the senior vice president directly owned 55,260 shares in the company, valued at approximately $1,542,306.60. The trade was a 14.66% decrease in their position. The SEC filing for this sale provides additional information. 0.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Wells Fargo & Company reduced their price target on shares of Century Aluminum from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $27.75.

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.