WINTON GROUP Ltd Cuts Stake in Century Aluminum Company $CENX

WINTON GROUP Ltd lessened its stake in Century Aluminum Company (NASDAQ:CENX) by 42.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,912 shares of the industrial products company’s stock after selling 35,585 shares during the quarter. WINTON GROUP Ltd owned 0.05% of Century Aluminum worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CENX. AQR Capital Management LLC increased its stake in Century Aluminum by 22.1% during the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 7,051 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Century Aluminum in the first quarter worth approximately $25,000. Empowered Funds LLC grew its holdings in shares of Century Aluminum by 1.8% during the first quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after buying an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Century Aluminum by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock valued at $2,301,000 after buying an additional 21,702 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Century Aluminum during the second quarter valued at approximately $641,000. Institutional investors own 61.59% of the company’s stock.

Insider Transactions at Century Aluminum

In related news, CEO Jesse E. Gary sold 150,000 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the completion of the sale, the chief executive officer owned 292,580 shares in the company, valued at approximately $14,099,430.20. This represents a 33.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matt Aboud sold 2,971 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total value of $156,482.57. Following the completion of the transaction, the senior vice president directly owned 64,843 shares in the company, valued at approximately $3,415,280.81. This represents a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 241,097 shares of company stock worth $11,932,418. 0.68% of the stock is currently owned by insiders.

Century Aluminum Trading Down 1.6%

Shares of CENX stock opened at $53.56 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.52. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $56.96. The stock has a market capitalization of $5.30 billion, a P/E ratio of 133.90 and a beta of 2.17. The firm’s 50 day moving average is $48.73 and its 200 day moving average is $36.13.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.25. The business had revenue of $633.70 million during the quarter, compared to analyst estimates of $661.63 million. Century Aluminum had a net margin of 1.65% and a return on equity of 5.57%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. Research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company boosted their price target on Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $54.33.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.