Impala Asset Management LLC Has $33.61 Million Stock Position in Century Aluminum Company $CENX

Impala Asset Management LLC raised its position in shares of Century Aluminum Company (NASDAQ:CENX) by 24.5% in the fourth quarter, HoldingsChannel reports. The fund owned 857,805 shares of the industrial products company’s stock after acquiring an additional 168,805 shares during the period. Century Aluminum accounts for approximately 21.2% of Impala Asset Management LLC’s investment portfolio, making the stock its largest holding. Impala Asset Management LLC’s holdings in Century Aluminum were worth $33,609,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Lido Advisors LLC boosted its holdings in shares of Century Aluminum by 1.5% during the fourth quarter. Lido Advisors LLC now owns 12,911 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 196 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Century Aluminum by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 308 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 386 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Century Aluminum by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after acquiring an additional 441 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Century Aluminum by 0.8% during the third quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock worth $1,584,000 after acquiring an additional 450 shares during the period. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Up 0.4%

NASDAQ CENX opened at $61.19 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. Century Aluminum Company has a 1-year low of $16.59 and a 1-year high of $70.43. The company has a 50 day moving average of $62.70 and a 200-day moving average of $51.19. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 18.27 and a beta of 1.90.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 150,000 shares of Century Aluminum stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $55.47, for a total value of $8,320,500.00. Following the completion of the sale, the chief executive officer directly owned 142,580 shares in the company, valued at approximately $7,908,912.60. The trade was a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CENX has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the stock an “outperform” rating in a report on Thursday, April 9th. B. Riley Financial boosted their price objective on Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Zacks Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.