Icon Advisers Inc. Co. decreased its holdings in Century Aluminum Company (NASDAQ:CENX – Free Report) by 28.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 173,200 shares of the industrial products company’s stock after selling 68,800 shares during the quarter. Century Aluminum accounts for 2.3% of Icon Advisers Inc. Co.’s portfolio, making the stock its 4th largest position. Icon Advisers Inc. Co.’s holdings in Century Aluminum were worth $10,165,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Glencore plc raised its position in Century Aluminum by 33.6% in the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after acquiring an additional 13,454,538 shares during the period. Sourcerock Group LLC boosted its stake in shares of Century Aluminum by 612.0% during the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after acquiring an additional 1,224,088 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Century Aluminum by 18.7% during the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after acquiring an additional 1,094,257 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Century Aluminum by 109.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock valued at $107,422,000 after acquiring an additional 957,571 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Century Aluminum in the 2nd quarter worth $9,399,000. 61.59% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. BMO Capital Markets set a $75.00 price target on Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Wells Fargo & Company upped their price target on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, B. Riley Financial decreased their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.00.
Century Aluminum Stock Performance
Shares of NASDAQ CENX opened at $45.33 on Thursday. The firm has a fifty day moving average price of $53.61 and a 200-day moving average price of $53.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The stock has a market cap of $4.49 billion, a PE ratio of 13.53 and a beta of 1.96. Century Aluminum Company has a 1 year low of $20.21 and a 1 year high of $70.43.
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.
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