Matarin Capital Management LLC Acquires Shares of 393,511 Century Aluminum (CENX)

Matarin Capital Management LLC acquired a new position in shares of Century Aluminum (NASDAQ:CENX) during the first quarter, HoldingsChannel.com reports. The firm acquired 393,511 shares of the industrial products company’s stock, valued at approximately $6,509,000.

A number of other institutional investors also recently made changes to their positions in CENX. ING Groep NV lifted its position in Century Aluminum by 25.8% during the fourth quarter. ING Groep NV now owns 3,073,401 shares of the industrial products company’s stock worth $60,362,000 after buying an additional 629,762 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Century Aluminum during the fourth quarter worth approximately $7,751,000. Trexquant Investment LP purchased a new position in Century Aluminum during the first quarter worth approximately $2,183,000. Alambic Investment Management L.P. lifted its position in Century Aluminum by 379.8% during the fourth quarter. Alambic Investment Management L.P. now owns 120,914 shares of the industrial products company’s stock worth $2,375,000 after buying an additional 95,714 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Century Aluminum by 1.4% during the first quarter. BlackRock Inc. now owns 6,464,997 shares of the industrial products company’s stock worth $106,930,000 after buying an additional 89,725 shares in the last quarter. Hedge funds and other institutional investors own 57.42% of the company’s stock.

CENX stock opened at $16.18 on Thursday. The company has a quick ratio of 1.21, a current ratio of 2.88 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 44.94 and a beta of 0.86. Century Aluminum has a 52-week low of $12.94 and a 52-week high of $24.77.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.14. The company had revenue of $454.50 million during the quarter, compared to analysts’ expectations of $439.06 million. Century Aluminum had a return on equity of 4.59% and a net margin of 3.75%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. equities research analysts anticipate that Century Aluminum will post 0.92 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets reiterated a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Century Aluminum in a research report on Friday, February 23rd. JPMorgan Chase & Co. upgraded Century Aluminum from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $18.00 to $14.50 in a research report on Wednesday, March 14th. Finally, Cowen upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $23.00 to $30.00 in a research report on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.60.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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