GSA Capital Partners LLP Has $1.68 Million Stock Holdings in Century Aluminum (NASDAQ:CENX)

GSA Capital Partners LLP raised its stake in shares of Century Aluminum (NASDAQ:CENX) by 314.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,004 shares of the industrial products company’s stock after purchasing an additional 82,703 shares during the quarter. GSA Capital Partners LLP owned 0.12% of Century Aluminum worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC boosted its stake in Century Aluminum by 33.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock valued at $623,000 after buying an additional 21,716 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Century Aluminum in the 4th quarter worth about $1,470,000. Allworth Financial LP bought a new stake in shares of Century Aluminum in the 4th quarter worth about $68,000. New York State Teachers Retirement System increased its position in shares of Century Aluminum by 3.6% during the 4th quarter. New York State Teachers Retirement System now owns 102,005 shares of the industrial products company’s stock worth $1,238,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Perennial Advisors LLC bought a new position in Century Aluminum during the 4th quarter valued at about $1,482,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Price Performance

Shares of NASDAQ CENX traded down $0.51 during trading on Wednesday, reaching $18.14. The company had a trading volume of 1,162,081 shares, compared to its average volume of 1,421,637. Century Aluminum has a 52 week low of $5.70 and a 52 week high of $21.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.67. The business’s 50 day moving average price is $17.26 and its 200-day moving average price is $14.35. The stock has a market cap of $1.68 billion, a PE ratio of 8.25 and a beta of 2.52.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.20). The firm had revenue of $489.50 million for the quarter, compared to analyst estimates of $520.30 million. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. Analysts expect that Century Aluminum will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CENX. BMO Capital Markets upped their price objective on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

Insider Activity at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 60,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the completion of the sale, the chief executive officer now directly owns 62,447 shares of the company’s stock, valued at approximately $1,012,265.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by company insiders.

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.