Century Aluminum Company $CENX Shares Sold by State of Wyoming

State of Wyoming lessened its position in shares of Century Aluminum Company (NASDAQ:CENXFree Report) by 23.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 43,532 shares of the industrial products company’s stock after selling 13,397 shares during the quarter. Century Aluminum accounts for about 0.3% of State of Wyoming’s holdings, making the stock its 21st biggest position. State of Wyoming’s holdings in Century Aluminum were worth $2,555,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CENX. Cetera Investment Advisers increased its position in Century Aluminum by 510.6% in the 1st quarter. Cetera Investment Advisers now owns 43,612 shares of the industrial products company’s stock valued at $2,560,000 after acquiring an additional 36,469 shares during the period. Impala Asset Management LLC grew its stake in shares of Century Aluminum by 13.7% during the 1st quarter. Impala Asset Management LLC now owns 975,000 shares of the industrial products company’s stock worth $57,223,000 after purchasing an additional 117,195 shares during the period. Summit Global Investments increased its holdings in Century Aluminum by 3.2% in the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock valued at $462,000 after buying an additional 241 shares in the last quarter. Hollencrest Capital Management purchased a new position in Century Aluminum in the 1st quarter valued at approximately $29,000. Finally, KBC Group NV acquired a new position in shares of Century Aluminum during the 1st quarter worth $129,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Price Performance

NASDAQ:CENX opened at $45.33 on Thursday. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 13.53 and a beta of 1.96. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $53.61 and its two-hundred day moving average is $53.89. Century Aluminum Company has a 12-month low of $20.21 and a 12-month high of $70.43.

Wall Street Analysts Forecast Growth

CENX has been the topic of several recent research reports. B. Riley Financial reduced their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Weiss Ratings downgraded Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Century Aluminum currently has a consensus rating of “Hold” and an average target price of $76.00.

Get Our Latest Report on Century Aluminum

Century Aluminum Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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