Century Aluminum Company $CENX Holdings Lifted by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 111.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,289 shares of the industrial products company’s stock after buying an additional 165,829 shares during the quarter. Royce & Associates LP’s holdings in Century Aluminum were worth $12,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CENX. Glencore plc grew its holdings in shares of Century Aluminum by 33.6% during the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after buying an additional 13,454,538 shares in the last quarter. Sourcerock Group LLC grew its holdings in shares of Century Aluminum by 612.0% during the second quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock valued at $25,662,000 after buying an additional 1,224,088 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after buying an additional 1,094,257 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Century Aluminum by 392.3% during the third quarter. American Century Companies Inc. now owns 767,692 shares of the industrial products company’s stock valued at $22,539,000 after buying an additional 611,758 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Century Aluminum during the second quarter valued at $9,399,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Insiders Place Their Bets

In other Century Aluminum news, SVP Matt Aboud sold 2,971 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $52.67, for a total value of $156,482.57. Following the completion of the sale, the senior vice president owned 64,843 shares of the company’s stock, valued at $3,415,280.81. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jesse E. Gary sold 150,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $55.47, for a total value of $8,320,500.00. Following the transaction, the chief executive officer directly owned 142,580 shares of the company’s stock, valued at $7,908,912.60. This represents a 51.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 185,626 shares of company stock valued at $10,271,891 over the last quarter. Insiders own 0.84% of the company’s stock.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $65.72 on Thursday. Century Aluminum Company has a fifty-two week low of $15.13 and a fifty-two week high of $68.69. The business has a 50-day moving average of $60.01 and a two-hundred day moving average of $48.39. The stock has a market capitalization of $6.50 billion, a P/E ratio of 19.62 and a beta of 1.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36.

Analysts Set New Price Targets

A number of analysts recently issued reports on CENX shares. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings raised Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their price objective on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. B. Riley Financial lifted their price objective on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Finally, BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the company an “outperform” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, Century Aluminum presently has a consensus rating of “Buy” and an average target price of $80.00.

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.