Headlands Technologies LLC Raises Position in Century Aluminum (NASDAQ:CENX)

Headlands Technologies LLC grew its position in shares of Century Aluminum (NASDAQ:CENX) by 2,284.8% during the fourth quarter, Holdings Channel reports. The fund owned 21,201 shares of the industrial products company’s stock after purchasing an additional 20,312 shares during the period. Headlands Technologies LLC’s holdings in Century Aluminum were worth $386,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Century Aluminum by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock worth $20,774,000 after purchasing an additional 13,486 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after buying an additional 319,164 shares in the last quarter. Impala Asset Management LLC grew its position in shares of Century Aluminum by 6.4% in the 3rd quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after buying an additional 54,000 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Century Aluminum by 10.6% in 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 acquiring an additional 51,770 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in 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 acquiring an additional 386,133 shares during the period. Institutional investors own 61.59% of the company’s stock.

Insider Buying and Selling at Century Aluminum

In other news, CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction 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 $1,281,019.17. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX stock opened at $17.46 on Friday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.53 and a beta of 2.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The company’s 50-day moving average is $19.10 and its 200 day moving average is $19.11.

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

Analyst Ratings Changes

A number of equities analysts have weighed in 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 target price for the company in a research note on Monday, February 24th. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

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.