Impala Asset Management LLC Has $57.22 Million Stake in Century Aluminum Company $CENX

Impala Asset Management LLC raised its position in shares of Century Aluminum Company (NASDAQ:CENX) by 13.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 975,000 shares of the industrial products company’s stock after buying an additional 117,195 shares during the quarter. Century Aluminum comprises about 26.7% of Impala Asset Management LLC’s investment portfolio, making the stock its largest holding. Impala Asset Management LLC’s holdings in Century Aluminum were worth $57,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Hollencrest Capital Management purchased a new position in shares of Century Aluminum in the 1st quarter worth approximately $29,000. Summit Securities Group LLC purchased a new stake in Century Aluminum during the first quarter valued at approximately $42,000. Private Trust Co. NA purchased a new stake in Century Aluminum during the fourth quarter valued at approximately $28,000. Strs Ohio acquired a new stake in Century Aluminum in the first quarter valued at approximately $47,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Century Aluminum in the fourth quarter valued at approximately $40,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Up 1.2%

CENX stock opened at $45.33 on Thursday. The stock has a market capitalization of $4.49 billion, a PE ratio of 13.53 and a beta of 1.96. Century Aluminum Company has a 52 week low of $20.21 and a 52 week 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 firm has a 50 day moving average of $53.61 and a 200 day moving average of $53.89.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Century Aluminum from a “hold” rating to a “strong sell” rating in a research 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. Wells Fargo & Company raised their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Century Aluminum presently has a consensus rating of “Hold” and an average price target of $76.00.

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.