Systematic Financial Management LP Takes Position in Century Aluminum Company $CENX

Systematic Financial Management LP acquired a new stake in Century Aluminum Company (NASDAQ:CENX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 166,527 shares of the industrial products company’s stock, valued at approximately $6,525,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in Century Aluminum in the 1st quarter valued at about $25,000. Private Trust Co. NA purchased a new stake in Century Aluminum in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,306 shares during the period. Advisory Services Network LLC purchased a new stake in Century Aluminum in the 3rd quarter valued at about $34,000. Finally, USA Financial Formulas purchased a new stake in Century Aluminum in the 4th quarter valued at about $60,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CENX shares. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. B. Riley Financial increased their price target on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Century Aluminum has an average rating of “Buy” and a consensus price target of $80.00.

Insider Buying and Selling

In related news, CAO Robert F. Hoffman sold 10,529 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $56.51, for a total transaction of $594,993.79. Following the sale, the chief accounting officer directly owned 56,643 shares in the company, valued at approximately $3,200,895.93. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matt Aboud sold 2,971 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $52.67, for a total transaction of $156,482.57. Following the sale, the senior vice president owned 64,843 shares in the company, valued at $3,415,280.81. The trade was a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 185,626 shares of company stock worth $10,271,891. Company insiders own 0.84% of the company’s stock.

Century Aluminum Price Performance

CENX stock opened at $65.05 on Monday. The company’s 50 day moving average price is $59.42 and its 200 day moving average price is $47.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. Century Aluminum Company has a fifty-two week low of $15.13 and a fifty-two week high of $68.69. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 19.42 and a beta of 1.91.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.25. Century Aluminum had a net margin of 13.75% and a return on equity of 13.59%. The firm had revenue of $633.70 million for the quarter, compared to analyst estimates of $661.63 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Century Aluminum Company will post 10.3 EPS for the current fiscal year.

Century Aluminum Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.