Counterpoint Mutual Funds LLC Makes New $664,000 Investment in Century Aluminum (NASDAQ:CENX)

Counterpoint Mutual Funds LLC acquired a new stake in Century Aluminum (NASDAQ:CENX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,431 shares of the industrial products company’s stock, valued at approximately $664,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC increased its position in shares of Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the period. FNY Investment Advisers LLC acquired a new position in Century Aluminum in the fourth quarter valued at about $54,000. Nisa Investment Advisors LLC raised its position in Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 2,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Century Aluminum in the 3rd quarter worth approximately $189,000. Finally, Inceptionr LLC bought a new position in shares of Century Aluminum in the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Up 2.8 %

Shares of NASDAQ:CENX opened at $19.95 on Monday. The firm has a market cap of $1.84 billion, a P/E ratio of 6.31 and a beta of 2.67. The business has a fifty day simple moving average of $19.32 and a 200 day simple moving average of $18.61. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wolfe Research raised shares of 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. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Monday, February 24th.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the transaction, the chief executive officer now owns 50,753 shares in the company, valued at $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.68% of the company’s stock.

Century Aluminum 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.