Century Aluminum Company $CENX Position Increased by Royce & Associates LP

Royce & Associates LP increased its stake in Century Aluminum Company (NASDAQ:CENX) by 111.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,289 shares of the industrial products company’s stock after purchasing an additional 165,829 shares during the period. Royce & Associates LP owned 0.34% of Century Aluminum worth $12,314,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CENX. Glencore plc lifted its holdings in shares of Century Aluminum by 33.6% in the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after purchasing an additional 13,454,538 shares during the last quarter. Sourcerock Group LLC lifted its holdings in shares of Century Aluminum by 612.0% in the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after purchasing an additional 1,224,088 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Century Aluminum by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after purchasing an additional 1,094,257 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Century Aluminum by 392.3% in the 3rd quarter. American Century Companies Inc. now owns 767,692 shares of the industrial products company’s stock worth $22,539,000 after purchasing an additional 611,758 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Century Aluminum in the 2nd quarter worth approximately $9,399,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Down 1.7%

Shares of CENX stock opened at $65.72 on Thursday. Century Aluminum Company has a 1 year low of $15.13 and a 1 year high of $68.69. The stock has a market cap of $6.50 billion, a PE ratio of 19.62 and a beta of 1.91. The business’s fifty day moving average is $60.01 and its 200-day moving average is $48.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30.

Wall Street Analysts Forecast Growth

CENX has been the topic of several recent research reports. B. Riley Financial raised their price target on Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their target price on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $80.00.

Insider Activity

In related news, CAO Robert F. Hoffman sold 10,529 shares of Century Aluminum stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $56.51, for a total value of $594,993.79. Following the transaction, the chief accounting officer directly owned 56,643 shares in the company, valued at $3,200,895.93. The trade was a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jesse E. Gary sold 150,000 shares of Century Aluminum stock in a transaction on 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 completion of the transaction, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 185,626 shares of company stock worth $10,271,891. 0.84% of the stock is owned by company insiders.

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.