GSA Capital Partners LLP Buys 26,552 Shares of Century Aluminum Company $CENX

GSA Capital Partners LLP raised its stake in Century Aluminum Company (NASDAQ:CENX) by 132.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,609 shares of the industrial products company’s stock after purchasing an additional 26,552 shares during the quarter. GSA Capital Partners LLP’s holdings in Century Aluminum were worth $1,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Century Aluminum in the 1st quarter worth about $25,000. Private Trust Co. NA bought a new stake in shares of Century Aluminum in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,306 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Century Aluminum in the 3rd quarter worth about $34,000. Finally, CWM LLC increased its holdings in shares of Century Aluminum by 26.3% in the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after buying an additional 332 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Century Aluminum

In other news, SVP Matt Aboud sold 2,971 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president owned 64,843 shares of the company’s stock, valued at approximately $3,415,280.81. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jesse E. Gary sold 150,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the sale, the chief executive officer directly owned 142,580 shares of the company’s stock, valued at $7,908,912.60. The trade was a 51.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,626 shares of company stock worth $13,619,411 over the last quarter. 0.84% of the stock is currently owned by company insiders.

Century Aluminum Price Performance

Shares of CENX opened at $58.44 on Wednesday. The company has a 50 day moving average price of $59.06 and a 200-day moving average price of $46.94. Century Aluminum Company has a fifty-two week low of $15.13 and a fifty-two week high of $68.69. The stock has a market capitalization of $5.78 billion, a PE ratio of 17.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. Century Aluminum had a net margin of 13.75% and a return on equity of 13.59%. The firm had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $661.63 million. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was up .4% compared to the same quarter last year. Equities analysts predict that Century Aluminum Company will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

CENX has been the topic of several analyst reports. B. Riley Financial upped their price target on shares of Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Wells Fargo & Company upped their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, Century Aluminum presently has a consensus rating of “Buy” and a consensus target price of $80.00.

Century Aluminum Company Profile

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.