Concurrent Investment Advisors LLC Purchases New Holdings in Century Aluminum Company $CENX

Concurrent Investment Advisors LLC purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX) during the fourth quarter, Holdings Channel reports. The firm purchased 22,935 shares of the industrial products company’s stock, valued at approximately $899,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ruffer LLP bought a new stake in shares of Century Aluminum during the 4th quarter worth approximately $936,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Century Aluminum by 48.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,270 shares of the industrial products company’s stock valued at $1,029,000 after acquiring an additional 8,592 shares during the last quarter. Private Trust Co. NA acquired a new position in Century Aluminum during the fourth quarter worth about $28,000. State of Alaska Department of Revenue raised its stake in Century Aluminum by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after acquiring an additional 441 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Century Aluminum in the fourth quarter worth about $207,000. Institutional investors own 61.59% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the completion of the sale, the executive vice president owned 97,647 shares of the company’s stock, valued at $4,952,655.84. This trade represents a 40.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matt Aboud sold 12,126 shares of Century Aluminum stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $52.50, for a total value of $636,615.00. Following the completion of the sale, the senior vice president owned 67,814 shares of the company’s stock, valued at approximately $3,560,235. The trade was a 15.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 251,626 shares of company stock valued at $13,619,411 over the last 90 days. 0.76% of the stock is owned by company insiders.

Century Aluminum Trading Down 0.8%

CENX opened at $58.98 on Friday. Century Aluminum Company has a twelve month low of $14.77 and a twelve month high of $68.69. The company has a fifty day moving average of $57.38 and a 200-day moving average of $44.50. The stock has a market cap of $5.84 billion, a PE ratio of 147.45 and a beta of 1.91. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.52.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. The business had revenue of $633.70 million for the quarter, compared to analyst estimates of $661.63 million. Century Aluminum had a net margin of 1.65% and a return on equity of 5.57%. Century Aluminum’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts predict that Century Aluminum Company will post 6.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. B. Riley Financial lifted their price target on shares of Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an “outperform” rating in a research report on Thursday, April 9th. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on Century Aluminum from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.33.

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.