Royce & Associates LP Invests $4.36 Million in Century Aluminum Company $CENX

Royce & Associates LP acquired a new stake in Century Aluminum Company (NASDAQ:CENX) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 148,460 shares of the industrial products company’s stock, valued at approximately $4,359,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CENX. Jones Financial Companies Lllp purchased a new position in Century Aluminum in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,306 shares in the last quarter. CWM LLC raised its stake in shares of Century Aluminum by 26.3% in the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 332 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Century Aluminum by 12.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 506 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Century Aluminum during the 2nd quarter worth $207,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the transaction, the chief executive officer directly owned 292,580 shares in the company, valued at $14,099,430.20. This represents a 33.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Dezee sold 66,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the completion of the sale, the executive vice president directly owned 97,647 shares of the company’s stock, valued at $4,952,655.84. The trade was a 40.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 231,097 shares of company stock worth $11,369,118 in the last ninety days. 0.76% of the stock is owned by insiders.

Century Aluminum Trading Up 1.0%

Shares of CENX opened at $53.43 on Thursday. Century Aluminum Company has a one year low of $13.05 and a one year high of $56.96. The stock has a 50-day moving average price of $47.59 and a 200 day moving average price of $35.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.97. The company has a market capitalization of $4.99 billion, a P/E ratio of 133.58 and a beta of 2.17.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.25. The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $661.63 million. Century Aluminum had a return on equity of 5.55% and a net margin of 1.65%.Century Aluminum’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Sell-side analysts forecast that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

CENX has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. Wells Fargo & Company raised their target price on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. B. Riley Financial upped their price target on Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, BMO Capital Markets lifted their price objective on shares of Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $54.33.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.