Quantbot Technologies LP Grows Stock Position in Century Aluminum Company $CENX

Quantbot Technologies LP grew its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 144.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,878 shares of the industrial products company’s stock after buying an additional 71,333 shares during the quarter. Quantbot Technologies LP owned 0.13% of Century Aluminum worth $2,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $101,000 after buying an additional 628 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Century Aluminum by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock valued at $7,499,000 after buying an additional 2,358 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Century Aluminum by 12.9% during the 1st quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company’s stock valued at $388,000 after buying an additional 2,381 shares during the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Century Aluminum by 19.5% during the 4th quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company’s stock valued at $271,000 after buying an additional 2,430 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Century Aluminum by 2.6% during the 4th quarter. Barclays PLC now owns 99,918 shares of the industrial products company’s stock valued at $1,820,000 after buying an additional 2,522 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares of the company’s stock, valued at $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is owned by corporate insiders.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $21.84 on Thursday. Century Aluminum Company has a 1-year low of $11.63 and a 1-year high of $25.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The business’s fifty day moving average price is $20.31 and its two-hundred day moving average price is $18.67. The firm has a market capitalization of $2.04 billion, a PE ratio of 18.83 and a beta of 2.53.

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

Analyst Ratings Changes

CENX has been the subject of several research analyst reports. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday. 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 report on Friday, August 8th. BMO Capital Markets reissued an “outperform” rating on shares of Century Aluminum in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $24.67.

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.