Cubist Systematic Strategies LLC Has $6.57 Million Position in Century Aluminum (NASDAQ:CENX)

Cubist Systematic Strategies LLC cut its position in Century Aluminum (NASDAQ:CENX) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,573 shares of the industrial products company’s stock after selling 109,604 shares during the quarter. Cubist Systematic Strategies LLC owned 0.39% of Century Aluminum worth $6,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CENX. Glencore plc acquired a new stake in Century Aluminum during the 4th quarter worth approximately $729,427,000. Pertento Partners LLP bought a new stake in shares of Century Aluminum in the fourth quarter worth $7,678,000. Arrowstreet Capital Limited Partnership increased its holdings in Century Aluminum by 348.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company’s stock valued at $9,055,000 after purchasing an additional 386,133 shares during the period. JPMorgan Chase & Co. increased its holdings in Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after purchasing an additional 319,164 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Century Aluminum by 117.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 460,796 shares of the industrial products company’s stock worth $8,396,000 after purchasing an additional 249,323 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares of the company’s stock, valued at $1,281,019.17. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CENX shares. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. BMO Capital Markets raised 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.

Century Aluminum Stock Down 2.0 %

Shares of NASDAQ:CENX opened at $15.51 on Friday. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The business’s 50-day moving average is $17.25 and its 200-day moving average is $19.08. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 4.91 and a beta of 2.70.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The business had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. Equities research analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

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.