Impala Asset Management LLC Has $33.61 Million Holdings in Century Aluminum Company $CENX

Impala Asset Management LLC grew its stake in Century Aluminum Company (NASDAQ:CENX) by 24.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,805 shares of the industrial products company’s stock after acquiring an additional 168,805 shares during the period. Century Aluminum accounts for approximately 21.2% of Impala Asset Management LLC’s holdings, making the stock its largest position. Impala Asset Management LLC owned approximately 0.92% of Century Aluminum worth $33,609,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CENX. Glencore plc grew its holdings in shares of Century Aluminum by 33.6% in the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after acquiring an additional 13,454,538 shares in the last quarter. Sourcerock Group LLC grew its holdings in shares of Century Aluminum by 612.0% in the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock valued at $25,662,000 after acquiring an additional 1,224,088 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Century Aluminum by 18.7% in 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of Century Aluminum by 392.3% in the 3rd quarter. American Century Companies Inc. now owns 767,692 shares of the industrial products company’s stock valued at $22,539,000 after acquiring an additional 611,758 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Century Aluminum in the 2nd quarter valued at about $9,399,000. Institutional investors own 61.59% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jesse E. Gary sold 150,000 shares of Century Aluminum stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the completion of the transaction, the chief executive officer owned 142,580 shares in the company, valued at approximately $7,908,912.60. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Century Aluminum Trading Up 0.4%

Century Aluminum stock opened at $61.19 on Friday. Century Aluminum Company has a 52 week low of $16.59 and a 52 week high of $70.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. The stock has a market capitalization of $6.06 billion, a P/E ratio of 18.27 and a beta of 1.90. The stock has a 50-day simple moving average of $62.70 and a 200 day simple moving average of $51.19.

Analyst Upgrades and Downgrades

CENX has been the subject of several analyst reports. B. Riley Financial raised their price objective on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Wells Fargo & Company raised their price objective on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, Zacks Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Century Aluminum Company 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.