CenterBook Partners LP acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,003 shares of the industrial products company’s stock, valued at approximately $705,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CENX. Jones Financial Companies Lllp purchased a new stake in shares of Century Aluminum during the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in Century Aluminum by 253.1% during the second 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 period. CWM LLC increased its position in 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 buying an additional 332 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Century Aluminum by 12.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after buying an additional 506 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Century Aluminum by 57.1% in the second quarter. AlphaQuest LLC now owns 10,950 shares of the industrial products company’s stock valued at $197,000 after buying an additional 3,980 shares during the period. 61.59% of the stock is currently owned by hedge funds and other institutional investors.
Century Aluminum Stock Performance
NASDAQ CENX opened at $52.64 on Friday. The company’s 50 day simple moving average is $44.83 and its two-hundred day simple moving average is $33.49. The stock has a market capitalization of $4.91 billion, a PE ratio of 131.60 and a beta of 2.24. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.71 and a quick ratio of 0.79. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $55.61.
Insider Buying and Selling at Century Aluminum
In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $48.19, for a total value of $7,228,500.00. Following the sale, the chief executive officer owned 292,580 shares of the company’s stock, valued at $14,099,430.20. This trade represents a 33.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.76% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on CENX. Wells Fargo & Company increased their price target on Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday. B. Riley Financial lifted their target price on shares of Century Aluminum from $37.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Century Aluminum has an average rating of “Buy” and an average price target of $53.00.
Read Our Latest Report on Century Aluminum
Century Aluminum News Summary
Here are the key news stories impacting Century Aluminum this week:
- Positive Sentiment: Company statement backing the Supreme Court IEEPA ruling and U.S. trade policies; Century says Section 232 tariffs helped justify near‑term production increases (~10% at Mt. Holly) and supports plans to build a new smelter in Inola, OK (large capex and job creation — long‑term production upside). Century Aluminum Company Statement on U.S. Supreme Court IEEPA Ruling
- Positive Sentiment: Analyst support and institutional interest: recent buy/overweight ratings and price targets (median ~$61) plus large Q4 additions by some institutions support upside expectations. QuiverQuant institutional & analyst notes
- Positive Sentiment: Sector tailwinds and improving cash flow commentary from analysts — industrials momentum and calls to favor names with rising cash flows include CENX as resilient versus headline earnings. Zacks: rising cash flows
- Neutral Sentiment: Q4 result details are mixed across reports: revenue of ~$633.7M (up 0.4% YoY) but below some estimates; different outlets report varying EPS metrics (some adjusted measures met estimates while other GAAP figures were far weaker), making near‑term guidance clarity important. Yahoo: Q4 earnings snapshot
- Negative Sentiment: Market reaction to Q4: several outlets show a revenue miss and sharply weaker net income/GAAP EPS in the quarter, which pressured the stock after the release. QuiverQuant: Stock falls on Q4 earnings
- Negative Sentiment: Recent insider selling is notable (including large sales reported over the past six months), which can weigh on near‑term sentiment even as institutions adjust positions. QuiverQuant: press release & insider activity
- Neutral Sentiment: Data oddities: a short‑interest entry shows anomalous/zero values — treat as unreliable until confirmed. QuiverQuant: short interest note
About Century Aluminum
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.
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