BW Gestao de Investimentos Ltda. Has $7.20 Million Stake in Century Aluminum Company $CENX

BW Gestao de Investimentos Ltda. boosted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 83.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,669 shares of the industrial products company’s stock after acquiring an additional 83,669 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Century Aluminum were worth $7,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CENX. Jones Financial Companies Lllp bought a new position in shares of Century Aluminum during the 1st quarter worth about $25,000. Private Trust Co. NA bought a new stake in Century Aluminum in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in 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 valued at $33,000 after acquiring an additional 1,306 shares during the period. Advisory Services Network LLC bought a new stake in Century Aluminum in the third quarter valued at about $34,000. Finally, Hantz Financial Services Inc. increased its stake in Century Aluminum by 68.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,218 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Trading Down 3.1%

Shares of NASDAQ CENX opened at $63.91 on Tuesday. The company’s 50 day simple moving average is $60.73 and its 200 day simple moving average is $49.13. Century Aluminum Company has a fifty-two week low of $16.59 and a fifty-two week high of $68.80. The firm has a market capitalization of $6.33 billion, a P/E ratio of 19.08 and a beta of 1.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CENX. B. Riley Financial upped their price objective on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Wells Fargo & Company upped their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $80.00.

Insider Activity at Century Aluminum

In related news, CEO Jesse E. Gary sold 150,000 shares of the 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 transaction, the chief executive officer directly owned 142,580 shares in the company, valued at $7,908,912.60. This represents a 51.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Robert F. Hoffman sold 10,529 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $56.51, for a total transaction of $594,993.79. Following the completion of the transaction, the chief accounting officer owned 56,643 shares in the company, valued at $3,200,895.93. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 170,529 shares of company stock worth $9,478,794 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

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.