Quantbot Technologies LP Purchases New Holdings in Century Aluminum (NASDAQ:CENX)

Quantbot Technologies LP purchased a new stake in shares of Century Aluminum (NASDAQ:CENX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 93,237 shares of the industrial products company’s stock, valued at approximately $1,513,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CENX. Quest Partners LLC boosted its holdings in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Century Aluminum by 7,779.8% during the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 6,924 shares in the last quarter. Olympiad Research LP acquired a new stake in Century Aluminum during the third quarter valued at approximately $180,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Century Aluminum during the third quarter valued at approximately $189,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Down 0.9 %

Shares of CENX opened at $22.83 on Friday. The company has a market capitalization of $2.12 billion, a P/E ratio of 7.56 and a beta of 2.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a one year low of $7.28 and a one year high of $24.21. The business’s 50 day simple moving average is $18.68 and its 200-day simple moving average is $16.83.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period in the previous year, the business earned ($0.13) EPS. As a group, sell-side analysts predict that Century Aluminum will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CENX shares. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. B. Riley lifted their price objective on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets lifted their price objective on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th.

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.