Bridgeway Capital Management LLC Boosts Holdings in Century Aluminum (NASDAQ:CENX)

Bridgeway Capital Management LLC raised its holdings in Century Aluminum (NASDAQ:CENX) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,117 shares of the industrial products company’s stock after purchasing an additional 2,801 shares during the period. Bridgeway Capital Management LLC’s holdings in Century Aluminum were worth $1,059,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. New Age Alpha Advisors LLC acquired a new position in shares of Century Aluminum during the 4th quarter worth approximately $39,000. AlphaQuest LLC increased its position in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after buying an additional 2,427 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Century Aluminum in the fourth quarter worth $54,000. Nisa Investment Advisors LLC lifted its position in shares of Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 2,000 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Century Aluminum during the fourth quarter valued at $199,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CENX. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Monday, February 24th.

Century Aluminum Stock Performance

NASDAQ CENX opened at $15.93 on Friday. The business’s 50-day moving average price is $17.21 and its 200 day moving average price is $19.09. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The company has a market capitalization of $1.49 billion, a PE ratio of 5.04 and a beta of 2.70.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The company had revenue of $633.90 million for the quarter, compared to analysts’ expectations of $643.80 million. On average, research analysts predict 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 Century Aluminum stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Century Aluminum 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.