Penn Capital Management Company LLC Sells 53,849 Shares of Century Aluminum (NASDAQ:CENX)

Penn Capital Management Company LLC cut its holdings in shares of Century Aluminum (NASDAQ:CENX) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 390,255 shares of the industrial products company’s stock after selling 53,849 shares during the quarter. Penn Capital Management Company LLC owned 0.42% of Century Aluminum worth $7,110,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pertento Partners LLP purchased a new position in Century Aluminum in the 4th quarter worth about $7,678,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Century Aluminum by 348.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company’s stock worth $9,055,000 after buying an additional 386,133 shares in the last quarter. JPMorgan Chase & Co. increased its position in Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock worth $15,565,000 after purchasing an additional 319,164 shares during the last quarter. Yaupon Capital Management LP lifted its holdings in shares of Century Aluminum by 76.3% in the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company’s stock valued at $10,346,000 after acquiring an additional 245,813 shares during the last quarter. Finally, Cohen & Steers Inc. bought a new stake in Century Aluminum in the fourth quarter worth $3,485,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Trading Up 5.0 %

Shares of CENX stock opened at $16.87 on Thursday. The stock’s fifty day moving average is $17.92 and its two-hundred day moving average is $19.09. The firm has a market capitalization of $1.56 billion, a P/E ratio of 5.34 and a beta of 2.56. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a fifty-two week low of $11.40 and a fifty-two week high of $25.39.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.39 EPS. Research analysts expect that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CENX shares. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, March 24th. 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 report on Monday, February 24th.

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.