Hartree Partners LP Takes $825,000 Position in Century Aluminum (NASDAQ:CENX)

Hartree Partners LP purchased a new stake in Century Aluminum (NASDAQ:CENX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 45,274 shares of the industrial products company’s stock, valued at approximately $825,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 2,000 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Century Aluminum during the fourth quarter valued at approximately $39,000. Franklin Resources Inc. raised its holdings in shares of Century Aluminum by 7.9% in the third quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after buying an additional 2,198 shares during the period. AlphaQuest LLC lifted its stake in shares of Century Aluminum by 2,889.3% during the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 2,427 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Century Aluminum by 5.1% during the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company’s stock valued at $1,059,000 after acquiring an additional 2,801 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CENX shares. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, December 3rd. Finally, BMO Capital Markets upgraded shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Monday, February 24th.

Century Aluminum Price Performance

CENX opened at $18.56 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 5.87 and a beta of 2.67. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39. The business’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $19.01.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, equities research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Transactions at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Century Aluminum Company 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.