WINTON GROUP Ltd Trims Stock Holdings in Century Aluminum (NASDAQ:CENX)

WINTON GROUP Ltd lessened its position in shares of Century Aluminum (NASDAQ:CENX) by 18.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,209 shares of the industrial products company’s stock after selling 13,262 shares during the quarter. WINTON GROUP Ltd’s holdings in Century Aluminum were worth $1,097,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its position in Century Aluminum by 1,607.1% in the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock valued at $370,841,000 after buying an additional 21,510,639 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after acquiring an additional 319,164 shares during the period. Yaupon Capital Management LP boosted its holdings in shares of Century Aluminum by 401.5% in the 3rd quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock valued at $5,226,000 after acquiring an additional 257,812 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Century Aluminum in the 3rd quarter valued at $4,163,000. Finally, Bridgewater Associates LP increased its stake in shares of Century Aluminum by 232.1% in the third quarter. Bridgewater Associates LP now owns 247,404 shares of the industrial products company’s stock worth $4,015,000 after acquiring an additional 172,903 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Century Aluminum Stock Down 3.1 %

CENX opened at $18.56 on Friday. The company has a fifty day moving average of $19.25 and a two-hundred day moving average of $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 fifty-two week low of $11.40 and a fifty-two week high of $25.39. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 5.87 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, research analysts expect that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Activity

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the sale, the chief accounting officer now owns 64,083 shares of the company’s stock, valued at approximately $1,281,019.17. The trade was a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.