Pertento Partners LLP Takes Position in Century Aluminum (NASDAQ:CENX)

Pertento Partners LLP bought a new position in shares of Century Aluminum (NASDAQ:CENX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 421,401 shares of the industrial products company’s stock, valued at approximately $7,678,000. Century Aluminum accounts for approximately 0.7% of Pertento Partners LLP’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC lifted its stake in Century Aluminum by 1,607.1% during the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock valued at $370,841,000 after purchasing an additional 21,510,639 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Century Aluminum by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock worth $15,565,000 after acquiring an additional 319,164 shares during the last quarter. Yaupon Capital Management LP raised its position in shares of Century Aluminum by 401.5% during the third quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 257,812 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Century Aluminum during the third quarter valued at $4,163,000. Finally, Bridgewater Associates LP boosted its position in shares of Century Aluminum by 232.1% in the 3rd quarter. Bridgewater Associates LP now owns 247,404 shares of the industrial products company’s stock valued at $4,015,000 after purchasing an additional 172,903 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented 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 price target for the company in a research report on Monday, February 24th. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd.

Insider Buying and Selling

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares of the company’s stock, valued at $1,281,019.17. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by insiders.

Century Aluminum Stock Down 3.1 %

CENX stock opened at $18.56 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.71 billion, a PE ratio of 5.87 and a beta of 2.67. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The company has a fifty day simple moving average of $19.25 and a 200 day simple moving average of $18.96.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same quarter in the prior year, the firm posted $0.39 EPS. Sell-side analysts anticipate that Century Aluminum will post 2.76 EPS for the current fiscal year.

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.