Balyasny Asset Management L.P. Has $8.40 Million Holdings in Century Aluminum (NASDAQ:CENX)

Balyasny Asset Management L.P. raised its position in Century Aluminum (NASDAQ:CENX) by 117.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,796 shares of the industrial products company’s stock after purchasing an additional 249,323 shares during the quarter. Balyasny Asset Management L.P. owned 0.50% of Century Aluminum worth $8,396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC acquired a new stake in Century Aluminum in the 4th quarter valued at approximately $39,000. AlphaQuest LLC raised its holdings in shares of Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $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 worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Century Aluminum during the fourth quarter worth $199,000. 61.59% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Robert F. Hoffman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Monday, February 24th.

Century Aluminum Stock Performance

NASDAQ CENX opened at $15.93 on Friday. The firm has a market capitalization of $1.49 billion, a P/E ratio of 5.04 and a beta of 2.70. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $17.21 and its two-hundred day moving average price is $19.07. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39.

Century Aluminum (NASDAQ:CENX) last issued its 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). Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The firm had revenue of $633.90 million during the quarter, compared to the consensus estimate of $643.80 million. As a group, research analysts anticipate that Century Aluminum will post 2.76 EPS 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.