Assenagon Asset Management S.A. Acquires 464,814 Shares of Century Aluminum Company $CENX

Assenagon Asset Management S.A. lifted its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 113.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 872,753 shares of the industrial products company’s stock after buying an additional 464,814 shares during the period. Assenagon Asset Management S.A. owned about 0.94% of Century Aluminum worth $34,194,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in Century Aluminum in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position 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 worth $33,000 after buying an additional 1,306 shares during the period. Advisory Services Network LLC bought a new stake in Century Aluminum during the 3rd quarter worth approximately $34,000. CWM LLC grew its holdings in Century Aluminum by 26.3% during the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 332 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position 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 valued at $80,000 after acquiring an additional 506 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. B. Riley Financial increased their price objective on Century Aluminum from $64.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their price target on Century Aluminum from $61.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $57.00.

Century Aluminum Trading Down 0.1%

CENX opened at $50.19 on Thursday. Century Aluminum Company has a twelve month low of $13.05 and a twelve month high of $59.12. The company has a fifty day moving average of $50.84 and a 200-day moving average of $38.41. The stock has a market cap of $4.97 billion, a PE ratio of 125.48 and a beta of 2.17. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.52.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.25. The company had revenue of $633.70 million for the quarter, compared to the consensus estimate of $661.63 million. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. On average, sell-side analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

Insider Transactions at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.47, for a total value of $8,320,500.00. Following the transaction, the chief executive officer owned 142,580 shares in the company, valued at approximately $7,908,912.60. This represents a 51.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Dezee sold 66,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $50.72, for a total value of $3,347,520.00. Following the completion of the sale, the executive vice president directly owned 97,647 shares of the company’s stock, valued at $4,952,655.84. This trade represents a 40.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 401,626 shares of company stock valued at $20,847,911. 0.76% of the stock is currently owned by corporate 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.