Century Aluminum Company $CENX Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in Century Aluminum Company (NASDAQ:CENX) by 157.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,375 shares of the industrial products company’s stock after purchasing an additional 79,118 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Century Aluminum worth $2,401,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 628 shares during the last quarter. Corton Capital Inc. purchased a new position in Century Aluminum in the fourth quarter worth approximately $189,000. Vise Technologies Inc. purchased a new position in Century Aluminum in the fourth quarter worth approximately $225,000. Dark Forest Capital Management LP lifted its stake in Century Aluminum by 19.5% in the fourth quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 2,430 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Century Aluminum by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 15,893 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 4,896 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CENX. BMO Capital Markets reiterated an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. B. Riley lifted their price target on shares of Century Aluminum from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Century Aluminum currently has an average rating of “Buy” and a consensus target price of $24.67.

Insiders Place Their Bets

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president owned 62,589 shares of the company’s stock, valued at approximately $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.76% of the company’s stock.

Century Aluminum Stock Up 0.4%

CENX stock opened at $22.29 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a twelve month low of $11.63 and a twelve month high of $25.39. The company’s 50 day moving average is $20.51 and its two-hundred day moving average is $18.75. The stock has a market cap of $2.08 billion, a P/E ratio of 19.22 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $628.10 million for the quarter, compared to analyst estimates of $606.10 million. Research analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

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.