Century Aluminum Company $CENX Shares Bought by Bastion Asset Management Inc.

Bastion Asset Management Inc. boosted its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 48.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,486 shares of the industrial products company’s stock after buying an additional 78,049 shares during the quarter. Century Aluminum accounts for about 2.0% of Bastion Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Bastion Asset Management Inc. owned about 0.26% of Century Aluminum worth $4,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum during the first quarter worth $25,000. Farther Finance Advisors LLC grew its position in Century Aluminum by 1,291.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 1,266 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock valued at $75,000 after buying an additional 2,909 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Century Aluminum during the 2nd quarter valued at about $124,000. Finally, AlphaQuest LLC lifted its holdings in shares of Century Aluminum by 177.6% in the 1st quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company’s stock valued at $129,000 after buying an additional 4,459 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Trading Up 1.2%

Shares of CENX stock opened at $28.98 on Friday. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $34.51. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 24.98 and a beta of 2.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The stock has a 50 day simple moving average of $27.92 and a 200-day simple moving average of $22.16.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.32). The company had revenue of $632.20 million during the quarter, compared to analysts’ expectations of $629.85 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.Century Aluminum’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. On average, equities research analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CENX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Wells Fargo & Company cut their target price on shares of Century Aluminum from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. B. Riley boosted their target price on shares of Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Century Aluminum presently has a consensus rating of “Buy” and a consensus price target of $27.75.

Insider Transactions at Century Aluminum

In related news, SVP Matt Aboud sold 12,027 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the transaction, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Agust F. Hafberg sold 9,493 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the transaction, the senior vice president directly owned 55,260 shares in the company, valued at $1,542,306.60. This represents a 14.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.76% of the stock is owned by insiders.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.