Century Aluminum (NASDAQ:CENX) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC increased its position in Century Aluminum (NASDAQ:CENX) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 58,117 shares of the industrial products company’s stock after purchasing an additional 2,801 shares during the period. Bridgeway Capital Management LLC owned 0.06% of Century Aluminum worth $1,059,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in Century Aluminum in the fourth quarter valued at approximately $39,000. AlphaQuest LLC boosted its stake in Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 2,427 shares during the period. FNY Investment Advisers LLC acquired a new stake in Century Aluminum during the 4th quarter worth $54,000. Nisa Investment Advisors LLC grew its position in Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 2,000 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Century Aluminum in the fourth quarter valued at $199,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction dated Friday, March 14th. The shares were 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 directly owns 64,083 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upgraded 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. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday.

Century Aluminum Trading Up 2.7 %

Shares of Century Aluminum stock opened at $15.93 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 5.04 and a beta of 2.70. Century Aluminum has a 52-week low of $11.40 and a 52-week high of $25.39. The company’s 50-day simple moving average is $17.21 and its 200-day simple moving average is $19.09. 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 (NASDAQ:CENX) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The business had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. As a group, equities research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current 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.