Woodline Partners LP Purchases Shares of 1,040,812 Century Aluminum Company $CENX

Woodline Partners LP purchased a new stake in shares of Century Aluminum Company (NASDAQ:CENX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,040,812 shares of the industrial products company’s stock, valued at approximately $19,317,000. Woodline Partners LP owned approximately 1.12% of Century Aluminum as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CENX. Northern Trust Corp raised its position in Century Aluminum by 5.8% during the fourth quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company’s stock valued at $9,847,000 after purchasing an additional 29,400 shares in the last quarter. BNP Paribas Financial Markets raised its position in Century Aluminum by 69.1% during the fourth quarter. BNP Paribas Financial Markets now owns 311,181 shares of the industrial products company’s stock valued at $5,670,000 after purchasing an additional 127,115 shares in the last quarter. Deutsche Bank AG raised its position in Century Aluminum by 14.9% during the fourth quarter. Deutsche Bank AG now owns 111,707 shares of the industrial products company’s stock valued at $2,035,000 after purchasing an additional 14,450 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Century Aluminum by 23.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 317,406 shares of the industrial products company’s stock valued at $5,783,000 after purchasing an additional 60,904 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Century Aluminum by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company’s stock valued at $37,665,000 after purchasing an additional 111,203 shares in the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Up 2.9%

Shares of NASDAQ:CENX opened at $22.37 on Thursday. The stock’s 50-day moving average price is $21.58 and its 200-day moving average price is $18.90. Century Aluminum Company has a 12-month low of $11.63 and a 12-month high of $25.39. The stock has a market capitalization of $2.09 billion, a P/E ratio of 19.28 and a beta of 2.55. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.39). The business had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%. On average, equities analysts anticipate that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CENX. B. Riley raised their price target on Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. Wall Street Zen cut Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, Century Aluminum currently has a consensus rating of “Buy” and an average target price of $25.67.

Insider Activity

In related news, SVP Matt Aboud sold 12,027 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the sale, the senior vice president directly owned 62,589 shares of the company’s stock, valued at $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.76% of the stock is owned by insiders.

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.