Boothbay Fund Management LLC Purchases 47,981 Shares of Century Aluminum Company $CENX

Boothbay Fund Management LLC raised its position in Century Aluminum Company (NASDAQ:CENX) by 66.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 119,918 shares of the industrial products company’s stock after purchasing an additional 47,981 shares during the period. Boothbay Fund Management LLC owned 0.13% of Century Aluminum worth $3,521,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CENX. AQR Capital Management LLC increased its position in shares of Century Aluminum by 22.1% during the first quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock worth $724,000 after buying an additional 7,051 shares during the period. Jones Financial Companies Lllp acquired a new position in Century Aluminum in the first quarter valued at $25,000. Empowered Funds LLC boosted its position in Century Aluminum by 1.8% during the first quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after acquiring an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Century Aluminum by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock valued at $2,301,000 after acquiring an additional 21,702 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Century Aluminum by 12.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 506 shares during the period. 61.59% of the stock is owned by institutional investors.

Century Aluminum Price Performance

CENX stock opened at $55.65 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98. The company’s 50-day moving average is $49.99 and its 200-day moving average is $37.09. The stock has a market capitalization of $5.51 billion, a PE ratio of 139.13 and a beta of 2.16. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $59.12.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 19th. The industrial products company reported $1.25 EPS for the quarter, meeting analysts’ consensus estimates of $1.25. The business had revenue of $633.70 million during the quarter, compared to analyst estimates of $661.63 million. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Equities research analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. B. Riley Financial raised their target price on Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Wells Fargo & Company increased their price target on Century Aluminum from $61.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $57.00.

Insider Activity at Century Aluminum

In related news, SVP Matt Aboud sold 2,971 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $52.67, for a total value of $156,482.57. Following the transaction, the senior vice president owned 64,843 shares in the company, valued at approximately $3,415,280.81. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jesse E. Gary sold 150,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $48.19, for a total value of $7,228,500.00. Following the transaction, the chief executive officer directly owned 292,580 shares of the company’s stock, valued at approximately $14,099,430.20. This trade represents a 33.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 251,626 shares of company stock worth $12,527,411. Company insiders own 0.68% of the company’s stock.

Century Aluminum Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.