GAMMA Investing LLC Raises Stock Holdings in Century Aluminum (NASDAQ:CENX)

GAMMA Investing LLC boosted its stake in Century Aluminum (NASDAQ:CENX) by 39.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,347 shares of the industrial products company’s stock after purchasing an additional 1,233 shares during the quarter. GAMMA Investing LLC’s holdings in Century Aluminum were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Century Aluminum during the third quarter valued at about $475,000. Point72 Asia Singapore Pte. Ltd. grew its position in Century Aluminum by 911.3% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 17,000 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 15,319 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Century Aluminum in the 2nd quarter worth approximately $704,000. Impala Asset Management LLC increased its stake in Century Aluminum by 20.6% in the 2nd quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock worth $14,238,000 after purchasing an additional 145,000 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Century Aluminum by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 1,335 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CENX has been the topic of several analyst reports. BMO Capital Markets decreased 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 decreased their price objective on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Century Aluminum Price Performance

CENX opened at $17.39 on Wednesday. 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 stock has a market capitalization of $1.61 billion, a PE ratio of 7.98 and a beta of 2.48. The stock’s 50 day moving average price is $14.56 and its 200-day moving average price is $16.12. Century Aluminum has a 52-week low of $5.70 and a 52-week high of $21.37.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $530.90 million. On average, equities research analysts predict that Century Aluminum will post 0.07 EPS for the current year.

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.