WINTON GROUP Ltd Trims Holdings in Century Aluminum (NASDAQ:CENX)

WINTON GROUP Ltd reduced its stake in shares of Century Aluminum (NASDAQ:CENX) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,209 shares of the industrial products company’s stock after selling 13,262 shares during the quarter. WINTON GROUP Ltd owned approximately 0.06% of Century Aluminum worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mountaineer Partners Management LLC lifted its holdings in Century Aluminum by 1,607.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock valued at $370,841,000 after buying an additional 21,510,639 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after acquiring an additional 319,164 shares in the last quarter. Yaupon Capital Management LP boosted its holdings in shares of Century Aluminum by 401.5% in the third quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock valued at $5,226,000 after purchasing an additional 257,812 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Century Aluminum in the third quarter worth approximately $4,163,000. Finally, Bridgewater Associates LP increased its holdings in Century Aluminum by 232.1% during the 3rd quarter. Bridgewater Associates LP now owns 247,404 shares of the industrial products company’s stock worth $4,015,000 after purchasing an additional 172,903 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Insider Activity 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 approximately $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 accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Century Aluminum Trading Down 3.1 %

CENX opened at $18.56 on Friday. 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 has a market cap of $1.71 billion, a price-to-earnings ratio of 5.87 and a beta of 2.67. Century Aluminum has a 12 month low of $11.40 and a 12 month high of $25.39. The stock has a fifty day moving average price of $19.25 and a 200-day moving average price of $18.96.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CENX shares. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Tuesday, December 3rd. 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 note on Monday, February 24th. Finally, StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

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.