Jade Capital Advisors LLC Makes New $406,000 Investment in Century Aluminum (NASDAQ:CENX)

Jade Capital Advisors LLC bought a new stake in Century Aluminum (NASDAQ:CENX) during the third quarter, Holdings Channel reports. The institutional investor bought 25,000 shares of the industrial products company’s stock, valued at approximately $406,000.

A number of other hedge funds have also made changes to their positions in the stock. MQS Management LLC increased its stake in Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after buying an additional 883 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of Century Aluminum by 2.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 1,102 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,233 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Century Aluminum by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Quest Partners LLC boosted its position in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares during the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Trading Down 3.8 %

Shares of NASDAQ:CENX opened at $16.67 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.55 billion, a PE ratio of 7.65 and a beta of 2.48. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $21.37. The firm has a fifty day moving average price of $14.84 and a 200 day moving average price of $16.15.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $560.80 million for the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. Analysts expect that Century Aluminum will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley lowered their price target on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, BMO Capital Markets cut their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th.

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.