Allspring Global Investments Holdings LLC Acquires 106,154 Shares of Century Aluminum Company $CENX

Allspring Global Investments Holdings LLC raised its holdings in Century Aluminum Company (NASDAQ:CENX) by 23.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 562,030 shares of the industrial products company’s stock after acquiring an additional 106,154 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Century Aluminum were worth $35,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CENX. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the 1st quarter valued at $25,000. Private Trust Co. NA acquired a new stake in Century Aluminum in the 4th quarter worth $28,000. EverSource Wealth Advisors LLC grew its position in 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 worth $33,000 after purchasing an additional 1,306 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Century Aluminum during the 3rd quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Century Aluminum during the 4th quarter worth about $40,000. 61.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. B. Riley Financial reduced their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Weiss Ratings lowered Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Century Aluminum Stock Performance

Shares of CENX stock opened at $41.50 on Monday. Century Aluminum Company has a 12-month low of $19.94 and a 12-month high of $70.43. The company has a market capitalization of $4.11 billion, a P/E ratio of 12.39 and a beta of 1.96. The firm has a 50-day moving average price of $54.70 and a 200 day moving average price of $53.78. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37.

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.