Alberta Investment Management Corporation, a Canadian Crown corporation and institutional investor owned by the Government of Alberta, has recently acquired a new stake in Century Aluminum Company. The strategic move follows the company's Q1 2025 earnings announcement and its latest 13F filing with the US Securities and Exchange Commission (SEC). Century Aluminum is a globally active metals and mining company engaged in the production of bauxite, alumina and aluminium.
Image source: centuryaluminum.com
Alberta Investment Management Corporation has acquired approximately 265,000 shares of Century Aluminum Company, representing an investment valued at USD 4.92 million. As of the end of the most recent quarter, this position accounts for roughly 0.28 per cent of the firm's total outstanding shares in the industrial products sector.
In addition to the recent acquisition by Alberta Investment Management Corporation, several institutional investors and hedge funds continue to maintain significant holdings in the company. Notably, Glencore plc held a substantial stake in the company during the final quarter of 2024, valued at approximately USD 729.43 million, with a total of 40,054,508 shares.
Dimensional Fund Advisors LP also increased its stake in the company by 1.0 per cent during the fourth quarter of 2024. The firm now holds approximately 2,937,970 shares of the industrial products company's stock, valued at around USD 53.53 million. This reflects an additional purchase of 28,557 shares during the most recent quarter.
Mirae Asset Global ETFs Holdings Ltd recently increased its position in Century Aluminum Company by 5.7 per cent during the fourth quarter. Following the purchase of an additional 111,023 shares. The firm now holds approximately 2,067,234 shares of the industrial products company, with a total valuation of USD 37.67 million.
Yaupon Capital Management LP significantly increased its stake in the firm by 76.3 per cent during the fourth quarter, acquiring an additional 245,813 shares. The firm now holds 567,837 shares of the industrial products company, valued at approximately USD 10.35 million.
Similarly, Northern Trust Corporation raised its holdings by 5.8 per cent in the same period, adding 29,400 shares to bring its total to 540,448 shares, with an estimated value of USD 9.85 million. As of the latest filings, hedge funds and institutional investors collectively own 61.59 per cent of the firm's outstanding shares.
Century Aluminum Company's stock opened at USD 20.47 on Friday, reflecting a 3.4 per cent decline. The stock has traded between a 12-month low of USD 11.40 and a high of USD 25.39. It currently maintains a 50-day moving average of USD 19.20 and a 200-day moving average of USD 18.37.
The company holds a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 0.63. The company's market capitalisation stands at USD 1.91 billion, with a price-to-earnings ratio of 17.35 and a beta of 2.53.
The company announced its Q1 earnings on Wednesday, May 7, 2025. The company reported earnings per share (EPS) of USD 0.28, falling short of analysts' consensus estimate of USD 0.53 by USD 0.25. The industrial products firm posted a net margin of 5.17 per cent and a return on equity of 19.06 per cent. Quarterly revenue came in at USD 633.90 million, below the expected USD 643.80 million. Analysts currently project the company to deliver an EPS of 2.76 for the whole year.
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