Cambridge Investment Research Advisors Inc. Has $773,000 Stake in Century Aluminum Company (NASDAQ:CENX)

Cambridge Investment Research Advisors Inc. grew its holdings in Century Aluminum Company (NASDAQ:CENX) by 60.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,622 shares of the industrial products company’s stock after buying an additional 15,683 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Century Aluminum were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FNY Investment Advisers LLC lifted its position in shares of Century Aluminum by 1,328.8% in the first quarter. FNY Investment Advisers LLC now owns 42,865 shares of the industrial products company’s stock valued at $795,000 after buying an additional 39,865 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $101,000 after buying an additional 628 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Century Aluminum by 12.9% in the first quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company’s stock valued at $388,000 after buying an additional 2,381 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Century Aluminum by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock valued at $7,499,000 after buying an additional 2,358 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $2,197,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $19.08 on Monday. The stock has a market cap of $1.78 billion, a P/E ratio of 16.17 and a beta of 2.55. The stock has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $18.09. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 1-year low of $11.40 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The firm had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. Research analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current year.

Century Aluminum 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.