Wealth High Governance Asset Management Ltda. Raises Stock Holdings in Century Aluminum Company $CENX

Wealth High Governance Asset Management Ltda. lifted its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 115.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 118,950 shares of the industrial products company’s stock after buying an additional 63,818 shares during the period. Century Aluminum accounts for approximately 2.5% of Wealth High Governance Asset Management Ltda.’s holdings, making the stock its 18th largest holding. Wealth High Governance Asset Management Ltda.’s holdings in Century Aluminum were worth $6,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the first quarter worth $25,000. Private Trust Co. NA acquired a new stake in Century Aluminum in the 4th quarter worth about $28,000. Hollencrest Capital Management purchased a new position in shares of Century Aluminum in the first quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Century Aluminum by 253.1% in the second 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 last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Century Aluminum during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. B. Riley Financial decreased their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. Wells Fargo & Company boosted their target price on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Century Aluminum currently has a consensus rating of “Hold” and a consensus target price of $76.00.

Century Aluminum Stock Performance

CENX opened at $44.77 on Monday. Century Aluminum Company has a one year low of $20.21 and a one year high of $70.43. The stock has a market capitalization of $4.43 billion, a PE ratio of 13.36 and a beta of 1.96. The business’s 50 day moving average price is $51.56 and its 200 day moving average price is $53.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30.

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.