Century Aluminum (NASDAQ:CENX) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Century Aluminum (NASDAQ:CENX) by 159.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,256 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Century Aluminum were worth $59,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CENX. GAMMA Investing LLC grew its stake in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 1,335 shares in the last quarter. Franklin Resources Inc. increased its holdings in Century Aluminum by 7.9% during the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 2,198 shares during the period. Congress Asset Management Co. raised its position in Century Aluminum by 1.3% in the 3rd quarter. Congress Asset Management Co. now owns 204,302 shares of the industrial products company’s stock valued at $3,316,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Century Aluminum by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 55,316 shares of the industrial products company’s stock valued at $898,000 after buying an additional 2,814 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jesse E. Gary sold 29,243 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now owns 50,753 shares in the company, valued at $962,784.41. This represents a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Century Aluminum Stock Up 0.6 %

Shares of NASDAQ:CENX opened at $18.28 on Friday. The firm has a 50 day simple moving average of $20.13 and a 200-day simple moving average of $17.59. Century Aluminum has a twelve month low of $9.65 and a twelve month high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.70 billion, a PE ratio of 6.11 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The firm had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. During the same period in the previous year, the company earned ($0.13) earnings per share. On average, equities analysts predict that Century Aluminum will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

CENX has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Tuesday, December 3rd. B. Riley boosted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

About Century Aluminum

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.