GAMMA Investing LLC Sells 1,186 Shares of Century Aluminum Company $CENX

GAMMA Investing LLC cut its stake in Century Aluminum Company (NASDAQ:CENX) by 21.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,232 shares of the industrial products company’s stock after selling 1,186 shares during the period. GAMMA Investing LLC’s holdings in Century Aluminum were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CENX. Jones Financial Companies Lllp bought a new position in shares of Century Aluminum in the first quarter worth about $25,000. Farther Finance Advisors LLC grew its holdings in shares of Century Aluminum by 1,291.8% in the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 1,266 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Century Aluminum by 261.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 2,909 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Century Aluminum by 177.6% in the first quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 4,459 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new position in shares of Century Aluminum in the first quarter worth about $371,000. 61.59% of the stock is currently owned by institutional investors.

Insider Activity at Century Aluminum

In related news, SVP Agust F. Hafberg sold 9,493 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $27.91, for a total value of $264,949.63. Following the completion of the transaction, the senior vice president directly owned 55,260 shares of the company’s stock, valued at $1,542,306.60. This trade represents a 14.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matt Aboud sold 12,027 shares of the 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 completion of the transaction, the senior vice president directly owned 62,589 shares of the company’s stock, valued at $1,456,446.03. The trade was a 16.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Century Aluminum Stock Performance

CENX stock opened at $29.82 on Friday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 25.71 and a beta of 2.52. The firm has a 50-day simple moving average of $23.80 and a two-hundred day simple moving average of $19.82. Century Aluminum Company has a one year low of $13.05 and a one year high of $30.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.39). The firm had revenue of $628.10 million for the quarter, compared to analysts’ expectations of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. On average, equities analysts forecast that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. B. Riley upped their price target on shares of Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. Wall Street Zen lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Zacks Research raised 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 assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.67.

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.