Jade Capital Advisors LLC Acquires New Shares in Century Aluminum (NASDAQ:CENX)

Jade Capital Advisors LLC bought a new position in Century Aluminum (NASDAQ:CENX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the industrial products company’s stock, valued at approximately $406,000.

A number of other hedge funds also recently added to or reduced their stakes in CENX. GSA Capital Partners LLP boosted its position in shares of Century Aluminum by 314.4% during the first quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company’s stock worth $1,678,000 after buying an additional 82,703 shares during the period. SG Americas Securities LLC acquired a new position in Century Aluminum during the 1st quarter worth $601,000. BNP Paribas Financial Markets grew its stake in shares of Century Aluminum by 43.4% in the first quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company’s stock worth $3,553,000 after purchasing an additional 69,910 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Century Aluminum by 125.7% during the second quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock valued at $8,906,000 after purchasing an additional 296,101 shares in the last quarter. Finally, Aristeia Capital L.L.C. bought a new stake in shares of Century Aluminum during the second quarter valued at about $681,000. 61.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets lowered their target price on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. B. Riley dropped their target price on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday.

Century Aluminum Stock Performance

Shares of CENX opened at $16.67 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. The firm’s 50 day moving average is $14.84 and its 200-day moving average is $16.15. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $21.37. The stock has a market capitalization of $1.55 billion, a P/E ratio of 7.65 and a beta of 2.48.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $560.80 million during the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. Equities research analysts anticipate that Century Aluminum will post 0.07 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.