Glencore plc Sells 6,315,245 Shares of Century Aluminum Company $CENX

Glencore plc lowered its stake in Century Aluminum Company (NASDAQ:CENX) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,690,702 shares of the industrial products company’s stock after selling 6,315,245 shares during the period. Century Aluminum makes up about 29.5% of Glencore plc’s investment portfolio, making the stock its 2nd largest holding. Glencore plc owned approximately 0.30% of Century Aluminum worth $1,742,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake 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 worth $271,901,000 after acquiring an additional 1,094,257 shares in the last quarter. State Street Corp raised its position in shares of Century Aluminum by 1.8% during the fourth quarter. State Street Corp now owns 4,295,711 shares of the industrial products company’s stock worth $168,306,000 after purchasing an additional 77,895 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Century Aluminum by 109.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after purchasing an additional 957,571 shares during the period. Morgan Stanley lifted its holdings in shares of Century Aluminum by 12.3% during the fourth quarter. Morgan Stanley now owns 1,609,093 shares of the industrial products company’s stock valued at $63,044,000 after purchasing an additional 176,730 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Century Aluminum by 2.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,457,401 shares of the industrial products company’s stock valued at $42,789,000 after purchasing an additional 27,999 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of Century Aluminum stock opened at $43.76 on Friday. Century Aluminum Company has a 12 month low of $18.00 and a 12 month high of $70.43. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.33 billion, a PE ratio of 13.06 and a beta of 1.97. The business has a fifty day simple moving average of $58.26 and a 200-day simple moving average of $53.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. B. Riley Financial lifted their price target on 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 raised shares of Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Weiss Ratings cut shares of Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wells Fargo & Company lifted their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.