ExodusPoint Capital Management LP Invests $2.22 Million in Century Aluminum (NASDAQ:CENX)

ExodusPoint Capital Management LP purchased a new stake in shares of Century Aluminum (NASDAQ:CENX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 121,682 shares of the industrial products company’s stock, valued at approximately $2,217,000.

Several other institutional investors have also added to or reduced their stakes in CENX. Trexquant Investment LP purchased a new position in shares of Century Aluminum in the fourth quarter valued at $1,606,000. Headlands Technologies LLC grew its stake in shares of Century Aluminum by 2,284.8% in the 4th quarter. Headlands Technologies LLC now owns 21,201 shares of the industrial products company’s stock worth $386,000 after buying an additional 20,312 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock worth $7,499,000 after buying an additional 2,358 shares in the last quarter. Hartree Partners LP bought a new stake in shares of Century Aluminum in the 4th quarter worth about $825,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Century Aluminum by 348.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company’s stock valued at $9,055,000 after buying an additional 386,133 shares in the last quarter. 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 company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. This 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 this hyperlink. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CENX shares. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Monday, February 24th. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

Century Aluminum Stock Performance

Century Aluminum stock opened at $14.98 on Tuesday. 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 firm has a market capitalization of $1.38 billion, a P/E ratio of 4.74 and a beta of 2.56. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The company’s 50-day moving average is $18.97 and its 200 day moving average is $19.18.

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

Century Aluminum Company 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.