Amitell Capital Pte Ltd Acquires Shares of 108,000 Century Aluminum Company $CENX

Amitell Capital Pte Ltd bought a new position in Century Aluminum Company (NASDAQ:CENX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 108,000 shares of the industrial products company’s stock, valued at approximately $3,171,000. Century Aluminum accounts for 1.9% of Amitell Capital Pte Ltd’s holdings, making the stock its 17th biggest holding. Amitell Capital Pte Ltd owned 0.12% of Century Aluminum at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CENX. Jones Financial Companies Lllp purchased a new stake in Century Aluminum during the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted 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 worth $33,000 after buying an additional 1,306 shares in the last quarter. CWM LLC raised its holdings in Century Aluminum by 26.3% in the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 332 shares during the period. PNC Financial Services Group Inc. raised its holdings in Century Aluminum by 12.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 506 shares during the period. 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 worth $197,000 after purchasing an additional 3,980 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John Dezee sold 66,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the completion of the sale, the executive vice president directly owned 97,647 shares in the company, valued at $4,952,655.84. This represents a 40.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jesse E. Gary sold 150,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the sale, the chief executive officer directly owned 292,580 shares of the company’s stock, valued at approximately $14,099,430.20. This trade represents a 33.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on CENX. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company lifted their price objective on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets upped their price target on Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Century Aluminum currently has an average rating of “Buy” and a consensus target price of $54.33.

Century Aluminum Stock Performance

Shares of CENX stock opened at $53.02 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.97. The stock has a fifty day moving average price of $46.08 and a 200 day moving average price of $34.13. Century Aluminum Company has a 1 year low of $13.05 and a 1 year high of $55.99. The stock has a market cap of $4.95 billion, a PE ratio of 132.55 and a beta of 2.24.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. Century Aluminum had a net margin of 1.65% and a return on equity of 5.55%. The company had revenue of $633.70 million for the quarter, compared to the consensus estimate of $661.63 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

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.