MQS Management LLC Acquires 883 Shares of Century Aluminum (NASDAQ:CENX)

MQS Management LLC lifted its holdings in Century Aluminum (NASDAQ:CENX) by 8.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,792 shares of the industrial products company’s stock after acquiring an additional 883 shares during the quarter. MQS Management LLC’s holdings in Century Aluminum were worth $198,000 as of its most recent SEC filing.

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

Insider Transactions at Century Aluminum

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

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $14.27 on Friday. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $21.37. The company has a market cap of $1.32 billion, a PE ratio of 6.55 and a beta of 2.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72. The business has a 50-day simple moving average of $14.40 and a two-hundred day simple moving average of $15.69.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. The company had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $530.90 million. As a group, equities analysts expect that Century Aluminum will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CENX has been the subject of a number of recent research 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 raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets lowered their target price on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research note 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.