Aristeia Capital L.L.C. Purchases Shares of 40,628 Century Aluminum (NASDAQ:CENX)

Aristeia Capital L.L.C. acquired a new stake in Century Aluminum (NASDAQ:CENX) in the second quarter, HoldingsChannel reports. The fund acquired 40,628 shares of the industrial products company’s stock, valued at approximately $681,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted its stake in Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,787 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Century Aluminum by 199.8% in the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after buying an additional 1,918 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 6,924 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $161,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 60,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the completion of the sale, the chief executive officer now directly owns 62,447 shares in the company, valued at approximately $1,012,265.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Century Aluminum Trading Up 2.7 %

CENX stock opened at $14.65 on Tuesday. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $21.37. The company has a market capitalization of $1.36 billion, a PE ratio of 6.72 and a beta of 2.48. The company’s 50-day simple moving average is $14.31 and its 200 day simple moving average is $15.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $560.80 million for the quarter, compared to analyst estimates of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. As a group, sell-side analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

CENX has been the subject of several research analyst reports. B. Riley reduced their target price on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets decreased their target price on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th.

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.