MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Century Aluminum (NASDAQ:CENX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Century Aluminum (NASDAQ:CENX) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,067,234 shares of the industrial products company’s stock after acquiring an additional 111,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.23% of Century Aluminum worth $37,665,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Glencore plc purchased a new position in shares of Century Aluminum in the 4th quarter valued at $729,427,000. Dimensional Fund Advisors LP increased its stake in Century Aluminum by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company’s stock worth $53,531,000 after buying an additional 28,557 shares during the period. Yaupon Capital Management LP increased its stake in Century Aluminum by 76.3% during the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company’s stock worth $10,346,000 after buying an additional 245,813 shares during the period. Northern Trust Corp increased its stake in Century Aluminum by 5.8% during the 4th quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company’s stock worth $9,847,000 after buying an additional 29,400 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Century Aluminum by 10.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company’s stock worth $9,824,000 after buying an additional 51,770 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Insiders Place Their Bets

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,083 shares of the company’s stock, valued at $1,281,019.17. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is owned by company insiders.

Century Aluminum Price Performance

Shares of CENX stock opened at $17.18 on Wednesday. The firm has a market cap of $1.60 billion, a P/E ratio of 5.44 and a beta of 2.70. 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 1-year low of $11.40 and a 1-year high of $25.39. The firm has a fifty day moving average of $17.16 and a two-hundred day moving average of $19.08.

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). The company had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. As a group, research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CENX shares. BMO Capital Markets raised 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. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, May 9th.

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.