Inceptionr LLC Invests $207,000 in Century Aluminum (NASDAQ:CENX)

Inceptionr LLC bought a new position in shares of Century Aluminum (NASDAQ:CENX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,355 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other large investors also recently modified their holdings of CENX. Principal Financial Group Inc. grew its holdings in shares of Century Aluminum by 17.0% during the 3rd quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock worth $4,901,000 after purchasing an additional 43,881 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Century Aluminum by 36.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 26,977 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 7,212 shares in the last quarter. Versor Investments LP acquired a new stake in Century Aluminum in the third quarter valued at about $256,000. Cornercap Investment Counsel Inc. acquired a new stake in Century Aluminum in the third quarter valued at about $300,000. Finally, Empowered Funds LLC boosted its stake in Century Aluminum by 5.4% in the third quarter. Empowered Funds LLC now owns 55,316 shares of the industrial products company’s stock valued at $898,000 after buying an additional 2,814 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the sale, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX stock opened at $16.59 on Tuesday. The business’s 50-day moving average price is $19.22 and its 200-day moving average price is $18.50. Century Aluminum has a 12 month low of $11.12 and a 12 month high of $25.39. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 5.25 and a beta of 2.67. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating 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 firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same period last year, the firm posted $0.39 earnings per share. Equities research analysts forecast that Century Aluminum will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

CENX has been the topic of several research analyst reports. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Monday, February 24th. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Tuesday, December 3rd.

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.