West Family Investments Has Boosted Stake in Pennantpark Invt (PNNT) by $570,000 as Stock Value Declined; Impala Asset Management Holding in Century Alum Co (CENX) Has Trimmed by $28.43 Million as Share Value Declined

May 18, 2018 - By Migdalia James

Robert Bishop decreased its stake in Century Alum Co (CENX) by 73.12% based on its latest 2017Q4 regulatory filing with the SEC. Impala Asset Management Llc sold 1.50M shares as the company’s stock declined 10.04% with the market. The hedge fund run by Robert Bishop held 550,000 shares of the aluminum company at the end of 2017Q4, valued at $10.80M, down from 2.05M at the end of the previous reported quarter. Impala Asset Management Llc who had been investing in Century Alum Co for a number of months, seems to be less bullish one the $1.52B market cap company. The stock increased 2.36% or $0.4 during the last trading session, reaching $17.34. About 1.28 million shares traded. Century Aluminum Company (NASDAQ:CENX) has risen 33.17% since May 18, 2017 and is uptrending. It has outperformed by 21.62% the S&P500.

West Family Investments Inc increased its stake in Pennantpark Invt Corp (PNNT) by 11.05% based on its latest 2017Q4 regulatory filing with the SEC. West Family Investments Inc bought 95,000 shares as the company’s stock declined 3.30% with the market. The institutional investor held 954,457 shares of the company at the end of 2017Q4, valued at $6.60 million, up from 859,457 at the end of the previous reported quarter. West Family Investments Inc who had been investing in Pennantpark Invt Corp for a number of months, seems to be bullish on the $513.77M market cap company. The stock increased 0.84% or $0.06 during the last trading session, reaching $7.23. About 308,286 shares traded or 4.45% up from the average. PennantPark Investment Corporation (NASDAQ:PNNT) has declined 13.46% since May 18, 2017 and is downtrending. It has underperformed by 25.01% the S&P500.

Impala Asset Management Llc, which manages about $2.53B and $2.82B US Long portfolio, upped its stake in D R Horton Inc (NYSE:DHI) by 314,316 shares to 1.27M shares, valued at $64.70 million in 2017Q4, according to the filing. It also increased its holding in Builders Firstsource Inc (NASDAQ:BLDR) by 232,628 shares in the quarter, for a total of 990,223 shares, and has risen its stake in Alcoa Corp.

Among 7 analysts covering Century Aluminum Company (NASDAQ:CENX), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Century Aluminum Company had 38 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, February 23 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. J.P. Morgan upgraded the shares of CENX in report on Wednesday, March 14 to “Buy” rating. The stock of Century Aluminum Company (NASDAQ:CENX) has “Neutral” rating given on Monday, November 9 by Nomura. The firm earned “Market Perform” rating on Friday, February 23 by BMO Capital Markets. The firm has “Neutral” rating by JP Morgan given on Friday, October 28. As per Monday, October 30, the company rating was downgraded by JP Morgan. Deutsche Bank maintained Century Aluminum Company (NASDAQ:CENX) rating on Wednesday, April 11. Deutsche Bank has “Hold” rating and $20 target. Cowen & Co upgraded Century Aluminum Company (NASDAQ:CENX) on Tuesday, March 13 to “Outperform” rating. As per Monday, October 5, the company rating was downgraded by Deutsche Bank. The rating was maintained by Cowen & Co with “Hold” on Wednesday, August 2.

More recent Century Aluminum Company (NASDAQ:CENX) news were published by: Nasdaq.com which released: “Market Trends Toward New Normal in Agios Pharmaceuticals, Corcept Therapeutics, Prestige Brand, Virtu Financial …” on May 17, 2018. Also Globenewswire.com published the news titled: “Century Aluminum Company Reports First Quarter 2018 Results” on May 03, 2018. Seekingalpha.com‘s news article titled: “Century Aluminum’s (CENX) CEO Michael Bless on Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018 was also an interesting one.

Analysts await Century Aluminum Company (NASDAQ:CENX) to report earnings on August, 1. They expect $0.30 EPS, up 2,900.00% or $0.29 from last year’s $0.01 per share. CENX’s profit will be $26.28 million for 14.45 P/E if the $0.30 EPS becomes a reality. After $-0.04 actual EPS reported by Century Aluminum Company for the previous quarter, Wall Street now forecasts -850.00% EPS growth.

Investors sentiment decreased to 0.6 in 2017 Q4. Its down 0.39, from 0.99 in 2017Q3. It fall, as 29 investors sold CENX shares while 55 reduced holdings. 18 funds opened positions while 32 raised stakes. 54.81 million shares or 5.27% less from 57.86 million shares in 2017Q3 were reported. Comerica Bank & Trust reported 51,139 shares stake. Moreover, Great West Life Assurance Can has 0% invested in Century Aluminum Company (NASDAQ:CENX) for 68,565 shares. Susquehanna Intl Grp Llp reported 11,140 shares or 0% of all its holdings. Cap Research Global Investors reported 0.02% in Century Aluminum Company (NASDAQ:CENX). Jane Street Grp Inc stated it has 0% in Century Aluminum Company (NASDAQ:CENX). Assetmark holds 17 shares or 0% of its portfolio. Ls Inv Advisors Ltd, a Michigan-based fund reported 1,344 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX). State Board Of Administration Of Florida Retirement owns 0% invested in Century Aluminum Company (NASDAQ:CENX) for 44,373 shares. Teacher Retirement Of Texas invested in 17,797 shares. Natl Bank Of Montreal Can accumulated 0% or 169,698 shares. Qs Investors Limited Liability Co invested in 254 shares. Whittier Trust stated it has 0% in Century Aluminum Company (NASDAQ:CENX). Finance Architects stated it has 350 shares. Ubs Asset Management Americas Incorporated has 26,645 shares for 0% of their portfolio.

Since March 14, 2018, it had 0 insider purchases, and 1 sale for $169,607 activity.

West Family Investments Inc, which manages about $389.18 million US Long portfolio, decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 10,000 shares to 39,400 shares, valued at $10.04 million in 2017Q4, according to the filing. It also reduced its holding in General Mtrs Co (NYSE:GM) by 27,500 shares in the quarter, leaving it with 51,649 shares, and cut its stake in Jpmorgan Chase & Co.

Among 12 analysts covering Pennant Investment (NASDAQ:PNNT), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Pennant Investment had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Market Outperform” rating given on Wednesday, August 10 by JMP Securities. Keefe Bruyette & Woods maintained PennantPark Investment Corporation (NASDAQ:PNNT) rating on Thursday, February 8. Keefe Bruyette & Woods has “Hold” rating and $7.5 target. The company was maintained on Thursday, October 26 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $8.5000 target in Monday, July 24 report. As per Friday, February 9, the company rating was upgraded by Ladenburg Thalmann. The rating was downgraded by JP Morgan to “Neutral” on Monday, July 18. On Friday, September 22 the stock rating was maintained by Jefferies with “Hold”. The stock of PennantPark Investment Corporation (NASDAQ:PNNT) earned “Buy” rating by J.P. Morgan on Wednesday, August 9. On Wednesday, July 27 the stock rating was downgraded by DA Davidson to “Neutral”. Jefferies maintained the stock with “Hold” rating in Friday, January 19 report.

More recent PennantPark Investment Corporation (NASDAQ:PNNT) news were published by: Seekingalpha.com which released: “PennantPark Investment’s (PNNT) CEO Arthur Penn on Q2 2018 Results – Earnings Call Transcript” on May 10, 2018. Also Nasdaq.com published the news titled: “PennantPark Investment Corporation Announces Financial Results for the Quarter Ended March 31, 2018” on May 09, 2018. Globenewswire.com‘s news article titled: “PennantPark Investment Corporation Announces $30 Million Stock Repurchase Program” with publication date: May 09, 2018 was also an interesting one.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.20, from 0.98 in 2017Q3. It improved, as 12 investors sold PNNT shares while 28 reduced holdings. 16 funds opened positions while 31 raised stakes. 26.98 million shares or 0.25% less from 27.05 million shares in 2017Q3 were reported. Kempner Mngmt Incorporated holds 0.08% or 18,200 shares in its portfolio. Parametric Port Limited Liability Co invested in 0% or 177,495 shares. Koch Indus Inc has 26,684 shares. Taylor Frigon Capital Mngmt Ltd Liability reported 133,258 shares. Mackenzie Corp stated it has 120,539 shares. Bankshares Of Montreal Can has invested 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Morgan Stanley holds 0% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT) for 814,421 shares. The New Jersey-based Advsr Mgmt Ltd Liability Co has invested 0.18% in PennantPark Investment Corporation (NASDAQ:PNNT). Moreover, Stevens Capital Management Lp has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT). Macquarie Gp reported 101,555 shares. Stratos Wealth Prns Ltd has invested 0% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Barclays Plc holds 94 shares. Eqis Capital Management invested 0.01% in PennantPark Investment Corporation (NASDAQ:PNNT). Stifel accumulated 0% or 33,220 shares. Muzinich And holds 1.80 million shares.

Century Aluminum Company (NASDAQ:CENX) Institutional Positions Chart

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