Century Aluminum Company $CENX Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 37.7% in the fourth quarter, Holdings Channel reports. The firm owned 49,349 shares of the industrial products company’s stock after selling 29,924 shares during the period. Intech Investment Management LLC’s holdings in Century Aluminum were worth $1,933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CENX. Jones Financial Companies Lllp acquired a new stake in Century Aluminum during the 1st quarter worth approximately $25,000. Private Trust Co. NA purchased a new position in Century Aluminum in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in Century Aluminum by 253.1% in the 2nd 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 during the period. Advisory Services Network LLC purchased a new position in Century Aluminum in the 3rd quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. boosted its holdings in Century Aluminum by 68.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,218 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Insider Transactions at Century Aluminum

In related news, CEO Jesse E. Gary sold 150,000 shares of Century Aluminum stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the sale, the chief executive officer directly owned 142,580 shares in the company, valued at $7,908,912.60. The trade was a 51.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert F. Hoffman sold 10,529 shares of Century Aluminum stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $56.51, for a total transaction of $594,993.79. Following the sale, the chief accounting officer owned 56,643 shares in the company, valued at approximately $3,200,895.93. This represents a 15.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by insiders.

Century Aluminum Stock Performance

CENX stock opened at $67.17 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.90. Century Aluminum Company has a 1 year low of $16.59 and a 1 year high of $70.43. The stock’s fifty day moving average is $61.54 and its two-hundred day moving average is $49.67.

Analyst Upgrades and Downgrades

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

Century Aluminum 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.