Semanteon Capital Management LP Makes New $1.22 Million Investment in Century Aluminum (NASDAQ:CENX)

Semanteon Capital Management LP purchased a new position in shares of Century Aluminum (NASDAQ:CENX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,713 shares of the industrial products company’s stock, valued at approximately $1,223,000. Century Aluminum accounts for about 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 23rd biggest position.

A number of other institutional investors also recently added to or reduced their stakes in CENX. First Eagle Investment Management LLC lifted its holdings in shares of Century Aluminum by 92.5% in the third quarter. First Eagle Investment Management LLC now owns 791,514 shares of the industrial products company’s stock valued at $5,691,000 after buying an additional 380,324 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Century Aluminum in the third quarter valued at $1,992,000. Assenagon Asset Management S.A. lifted its holdings in shares of Century Aluminum by 255.6% in the third quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock valued at $2,522,000 after buying an additional 252,095 shares during the period. Jump Financial LLC acquired a new stake in shares of Century Aluminum in the third quarter valued at $1,146,000. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Century Aluminum by 156.3% in the third quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock valued at $1,449,000 after buying an additional 122,915 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. B. Riley upgraded Century Aluminum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $14.00 in a report on Tuesday, January 9th. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th.

Century Aluminum Trading Up 1.3 %

Shares of Century Aluminum stock traded up $0.22 on Thursday, reaching $17.61. 1,084,572 shares of the company were exchanged, compared to its average volume of 1,459,071. The stock has a fifty day moving average price of $13.73 and a 200-day moving average price of $10.69. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -35.22 and a beta of 2.71. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $18.64.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. The company had revenue of $512.30 million for the quarter, compared to analyst estimates of $514.40 million. Century Aluminum had a positive return on equity of 5.18% and a negative net margin of 2.05%. On average, analysts expect that Century Aluminum will post -0.16 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.