Virtu Financial LLC Makes New Investment in Century Aluminum Company $CENX

Virtu Financial LLC acquired a new stake in Century Aluminum Company (NASDAQ:CENX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,614 shares of the industrial products company’s stock, valued at approximately $1,121,000.

A number of other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $25,000. Private Trust Co. NA acquired a new stake in Century Aluminum during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 1,306 shares during the last quarter. Advisory Services Network LLC bought a new position in Century Aluminum during the third quarter worth $34,000. Finally, Transamerica Financial Advisors LLC bought a new position in Century Aluminum during the fourth quarter worth $40,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

NASDAQ:CENX opened at $51.71 on Friday. The stock has a 50 day simple moving average of $61.59 and a 200 day simple moving average of $52.04. The stock has a market cap of $5.12 billion, a P/E ratio of 15.44 and a beta of 1.90. Century Aluminum Company has a 1-year low of $16.59 and a 1-year high of $70.43. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

Several research firms have commented on CENX. Wells Fargo & Company upped their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of Century Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. B. Riley Financial upped their price target on shares of Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Zacks Research cut shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.