281,376 Shares in Century Aluminum Company $CENX Bought by Trek Financial LLC

Trek Financial LLC bought a new position in Century Aluminum Company (NASDAQ:CENX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 281,376 shares of the industrial products company’s stock, valued at approximately $11,024,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Century Aluminum in the 1st quarter worth $25,000. Private Trust Co. NA acquired a new position in Century Aluminum in the 4th quarter worth $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 last quarter. Advisory Services Network LLC acquired a new position in shares of Century Aluminum during the 3rd quarter worth about $34,000. Finally, CWM LLC boosted its stake in shares of 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 buying an additional 332 shares during the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Trading Up 2.2%

Century Aluminum stock opened at $60.18 on Tuesday. 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 firm has a 50-day moving average of $58.21 and a 200-day moving average of $45.67. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 17.96 and a beta of 1.91. Century Aluminum Company has a one year low of $15.13 and a one year high of $68.69.

Century Aluminum (NASDAQ:CENX) last issued its earnings results 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 analysts’ expectations of $661.63 million. Century Aluminum had a net margin of 13.75% and a return on equity of 13.59%. Century Aluminum’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities analysts expect that Century Aluminum Company will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. B. Riley Financial increased their price objective on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Wells Fargo & Company increased their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $80.00.

Insider Activity

In other news, CAO Robert F. Hoffman sold 10,529 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $56.51, for a total value of $594,993.79. Following the sale, the chief accounting officer directly owned 56,643 shares of the company’s stock, valued at approximately $3,200,895.93. This represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matt Aboud sold 2,971 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total transaction of $156,482.57. Following the completion of the sale, the senior vice president directly owned 64,843 shares in the company, valued at approximately $3,415,280.81. The trade was a 4.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 251,626 shares of company stock valued at $13,619,411 in the last 90 days. 0.84% of the stock is owned by company 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.