Vanguard Group Inc. Buys 75,657 Shares of Century Aluminum Company $CENX

Vanguard Group Inc. increased its position in Century Aluminum Company (NASDAQ:CENX) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,845,537 shares of the industrial products company’s stock after purchasing an additional 75,657 shares during the quarter. Vanguard Group Inc. owned approximately 6.26% of Century Aluminum worth $171,625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CENX. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum during the first quarter valued at $25,000. CWM LLC increased its holdings 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. EverSource Wealth Advisors LLC boosted its position in Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,306 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Century Aluminum by 12.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 506 shares during the last quarter. Finally, Madrona Financial Services LLC bought a new position in Century Aluminum in the third quarter worth about $213,000. 61.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CENX shares. B. Riley Financial lifted their price objective on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. BMO Capital Markets raised their price objective on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $54.33.

Insider Buying and Selling

In related news, EVP John Dezee sold 66,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the sale, the executive vice president owned 97,647 shares in the company, valued at approximately $4,952,655.84. This trade represents a 40.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse E. Gary sold 150,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the completion of the transaction, the chief executive officer owned 292,580 shares of the company’s stock, valued at approximately $14,099,430.20. This trade represents a 33.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.76% of the company’s stock.

Century Aluminum Trading Down 0.4%

NASDAQ CENX opened at $51.35 on Tuesday. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $55.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.97 and a quick ratio of 0.98. The company has a market capitalization of $4.79 billion, a PE ratio of 128.38 and a beta of 2.24. The company has a fifty day moving average of $47.04 and a 200 day moving average of $34.81.

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

About Century Aluminum

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.