Century Aluminum Company $CENX Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. lessened its position in Century Aluminum Company (NASDAQ:CENX) by 25.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 242,000 shares of the industrial products company’s stock after selling 83,200 shares during the period. Century Aluminum makes up 1.5% of Icon Advisers Inc. Co.’s holdings, making the stock its 13th largest position. Icon Advisers Inc. Co. owned about 0.26% of Century Aluminum worth $6,498,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the first quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,306 shares during the last quarter. CWM LLC lifted 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 valued at $47,000 after acquiring an additional 332 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Century Aluminum by 12.9% during 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 purchasing an additional 506 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Century Aluminum during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. B. Riley Financial raised their target price on shares of Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Wells Fargo & Company lifted their price target on shares of Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. 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, Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $54.33.

Century Aluminum Trading Down 0.4%

Shares of CENX opened at $53.69 on Friday. The business’s 50-day moving average price is $48.15 and its 200 day moving average price is $35.49. The stock has a market capitalization of $5.31 billion, a P/E ratio of 134.23 and a beta of 2.17. Century Aluminum Company has a 1-year low of $13.05 and a 1-year high of $56.96. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.52.

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

Insider Activity

In related news, 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 transaction, the executive vice president owned 97,647 shares of the company’s stock, valued at approximately $4,952,655.84. This trade represents a 40.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robert F. Hoffman sold 10,000 shares of Century Aluminum stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $56.33, for a total transaction of $563,300.00. Following the transaction, the chief accounting officer owned 67,172 shares in the company, valued at approximately $3,783,798.76. The trade was a 12.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 241,097 shares of company stock worth $11,932,418 over the last three months. 0.76% of the stock is owned by insiders.

About Century Aluminum

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.