Century Aluminum Company $CENX Stock Holdings Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Century Aluminum Company (NASDAQ:CENX) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,521 shares of the industrial products company’s stock after buying an additional 29,424 shares during the period. Public Sector Pension Investment Board’s holdings in Century Aluminum were worth $6,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp acquired a new position in Century Aluminum in the 1st quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,306 shares in the last quarter. CWM LLC increased its stake in shares of Century Aluminum by 26.3% in the third quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 332 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Century Aluminum by 12.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 506 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in Century Aluminum by 57.1% during the second quarter. AlphaQuest LLC now owns 10,950 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 3,980 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

NASDAQ CENX opened at $50.22 on Thursday. Century Aluminum Company has a twelve month low of $13.05 and a twelve month high of $55.59. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.69. The stock has a market cap of $4.69 billion, a P/E ratio of 59.08 and a beta of 2.24. The company’s 50-day simple moving average is $44.00 and its 200 day simple moving average is $33.05.

Analysts Set New Price Targets

A number of research firms recently commented on CENX. Wells Fargo & Company increased their price objective on Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. BMO Capital Markets raised their price target on shares of Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. B. Riley Financial raised their target price on Century Aluminum from $37.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Zacks Research downgraded Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Century Aluminum presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Insiders Place Their Bets

In related news, CEO Jesse E. Gary sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $48.19, for a total value of $7,228,500.00. Following the completion of the transaction, the chief executive officer owned 292,580 shares in the company, valued at $14,099,430.20. The trade was a 33.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.76% of the company’s stock.

Century Aluminum 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.