Millennium Management LLC Has $8.34 Million Stock Position in Century Aluminum (NASDAQ:CENX)

Millennium Management LLC increased its stake in Century Aluminum (NASDAQ:CENX) by 333.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 457,728 shares of the industrial products company’s stock after purchasing an additional 352,186 shares during the period. Millennium Management LLC owned approximately 0.49% of Century Aluminum worth $8,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CENX. New Age Alpha Advisors LLC acquired a new position in Century Aluminum in the 4th quarter worth $39,000. AlphaQuest LLC boosted its stake in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 2,427 shares during the period. Nisa Investment Advisors LLC boosted its stake in Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 2,000 shares during the period. Corton Capital Inc. acquired a new position in Century Aluminum in the 4th quarter worth $189,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Century Aluminum in the 4th quarter worth $199,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Trading Up 1.3%

Shares of NASDAQ:CENX opened at $15.68 on Monday. The company’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $18.92. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The stock has a market capitalization of $1.46 billion, a PE ratio of 4.96 and a beta of 2.70.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. On average, equities analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CENX has been the subject of a number of research analyst reports. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Monday, February 24th. Wall Street Zen raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, May 9th.

Insider Activity

In other news, CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the sale, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at approximately $1,281,019.17. This represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by insiders.

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.