Intech Investment Management LLC Boosts Stake in Century Aluminum (NASDAQ:CENX)

Intech Investment Management LLC raised its holdings in Century Aluminum (NASDAQ:CENX) by 206.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,048 shares of the industrial products company’s stock after purchasing an additional 132,074 shares during the quarter. Intech Investment Management LLC’s holdings in Century Aluminum were worth $3,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CENX. Principal Financial Group Inc. raised its position in Century Aluminum by 17.0% in the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock valued at $4,901,000 after purchasing an additional 43,881 shares during the period. Empowered Funds LLC raised its position in Century Aluminum by 5.4% in the third quarter. Empowered Funds LLC now owns 55,316 shares of the industrial products company’s stock valued at $898,000 after purchasing an additional 2,814 shares during the period. Jennison Associates LLC raised its position in Century Aluminum by 78.0% in the third quarter. Jennison Associates LLC now owns 47,255 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 20,710 shares during the period. Charles Schwab Investment Management Inc. raised its position in Century Aluminum by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock valued at $7,910,000 after purchasing an additional 10,105 shares during the period. Finally, Cerity Partners LLC raised its position in Century Aluminum by 82.0% in the third quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company’s stock valued at $478,000 after purchasing an additional 13,263 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CENX. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Monday, February 24th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Tuesday, December 3rd.

Insider Buying and Selling

In related news, CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at $962,784.41. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following 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 represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Century Aluminum Trading Down 1.7 %

CENX opened at $19.73 on Thursday. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 6.24 and a beta of 2.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The business has a fifty day moving average price of $19.39 and a 200 day moving average price of $18.70.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The firm had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. During the same period in the previous year, the firm posted $0.39 EPS. Sell-side analysts expect that Century Aluminum will post 2.76 earnings per share for the current fiscal 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.