Natixis Advisors LLC Acquires New Holdings in Century Aluminum (NASDAQ:CENX)

Natixis Advisors LLC acquired a new position in shares of Century Aluminum (NASDAQ:CENX) in the 4th quarter, Holdings Channel reports. The fund acquired 17,176 shares of the industrial products company’s stock, valued at approximately $313,000.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Century Aluminum by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,391 shares of the industrial products company’s stock valued at $7,910,000 after acquiring an additional 10,105 shares during the last quarter. Cerity Partners LLC increased its position in Century Aluminum by 82.0% during the 3rd quarter. Cerity Partners LLC now owns 29,441 shares of the industrial products company’s stock valued at $478,000 after buying an additional 13,263 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Century Aluminum during the 3rd quarter valued at about $189,000. Quantbot Technologies LP purchased a new position in Century Aluminum in the 3rd quarter worth approximately $1,513,000. Finally, Bridgewater Associates LP increased its holdings in Century Aluminum by 232.1% in the 3rd quarter. Bridgewater Associates LP now owns 247,404 shares of the industrial products company’s stock worth $4,015,000 after buying an additional 172,903 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Century Aluminum Trading Down 3.1 %

NASDAQ CENX opened at $18.56 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 5.87 and a beta of 2.67. The company’s 50-day simple moving average is $19.25 and its two-hundred day simple moving average is $18.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a one year low of $11.40 and a one year high of $25.39.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The firm had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. During the same quarter in the prior year, the business posted $0.39 EPS. Equities analysts forecast that Century Aluminum will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on CENX shares. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research report on Tuesday, December 3rd. BMO Capital Markets upgraded shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Monday, February 24th. Finally, StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, March 24th.

Insiders Place Their Bets

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% 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.