Senator Investment Group LP Takes Position in Century Aluminum Company $CENX

Senator Investment Group LP bought a new stake in Century Aluminum Company (NASDAQ:CENX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,991 shares of the industrial products company’s stock, valued at approximately $1,280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CENX. Cambridge Investment Research Advisors Inc. lifted its position in Century Aluminum by 60.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company’s stock worth $773,000 after buying an additional 15,683 shares in the last quarter. GAMMA Investing LLC lifted its position in Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after buying an additional 628 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Century Aluminum by 130.4% in the 1st quarter. Teacher Retirement System of Texas now owns 33,414 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 18,909 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Century Aluminum by 21.3% in the 1st quarter. New York State Common Retirement Fund now owns 359,867 shares of the industrial products company’s stock valued at $6,679,000 after purchasing an additional 63,086 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Century Aluminum in the 1st quarter valued at $4,918,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CENX shares. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. B. Riley upped their price target on Century Aluminum from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Century Aluminum in a report on Friday, August 8th.

Insider Activity

In other news, SVP Matt Aboud sold 12,027 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the transaction, the senior vice president directly owned 62,589 shares of the company’s stock, valued at approximately $1,456,446.03. This represents a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX opened at $22.31 on Tuesday. The stock has a 50-day simple moving average of $20.22 and a 200-day simple moving average of $18.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. The stock has a market capitalization of $2.08 billion, a PE ratio of 19.23 and a beta of 2.53. Century Aluminum Company has a 1 year low of $11.63 and a 1 year high of $25.39.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.39). The company had revenue of $628.10 million during the quarter, compared to analysts’ expectations of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. On average, analysts predict that Century Aluminum Company will post 2.76 earnings per share 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.