Monaco Asset Management SAM Has $2.55 Million Position in Century Aluminum Company $CENX

Monaco Asset Management SAM reduced its stake in Century Aluminum Company (NASDAQ:CENX) by 61.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the industrial products company’s stock after selling 103,752 shares during the period. Monaco Asset Management SAM’s holdings in Century Aluminum were worth $2,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CENX. Jones Financial Companies Lllp acquired a new stake in shares of Century Aluminum in the 1st quarter valued at approximately $25,000. Private Trust Co. NA acquired a new stake in shares of Century Aluminum in the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $33,000 after purchasing an additional 1,306 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Century Aluminum in the 3rd quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of 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 valued at $48,000 after purchasing an additional 497 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Century Aluminum

In other news, CAO Robert F. Hoffman sold 10,529 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $56.51, for a total value of $594,993.79. Following the transaction, the chief accounting officer owned 56,643 shares in the company, valued at approximately $3,200,895.93. The trade was a 15.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jesse E. Gary sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.47, for a total transaction 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. This trade represents a 51.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 173,500 shares of company stock worth $9,635,276. Company insiders own 0.84% of the company’s stock.

Century Aluminum Price Performance

NASDAQ:CENX opened at $65.97 on Monday. The firm’s 50 day simple moving average is $60.45 and its 200 day simple moving average is $48.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. Century Aluminum Company has a one year low of $15.13 and a one year high of $68.80. The company has a market cap of $6.53 billion, a PE ratio of 19.69 and a beta of 1.90.

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.