South Dakota Investment Council Has $1.79 Million Holdings in Century Aluminum Company $CENX

South Dakota Investment Council cut its position in shares of Century Aluminum Company (NASDAQ:CENX) by 90.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,487 shares of the industrial products company’s stock after selling 286,874 shares during the period. South Dakota Investment Council’s holdings in Century Aluminum were worth $1,789,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CENX. Glencore plc lifted its position in Century Aluminum by 33.6% in the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after purchasing an additional 13,454,538 shares during the period. Sourcerock Group LLC increased its holdings in 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 buying an additional 1,224,088 shares during the period. Vanguard Group Inc. increased its holdings in 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 buying an additional 1,094,257 shares during the period. Encompass Capital Advisors LLC raised its stake in shares of Century Aluminum by 210.4% in the 1st quarter. Encompass Capital Advisors LLC now owns 1,551,362 shares of the industrial products company’s stock valued at $91,049,000 after buying an additional 1,051,525 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Century Aluminum by 109.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock valued at $107,422,000 after buying an additional 957,571 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

Shares of NASDAQ:CENX opened at $44.77 on Friday. The business’s fifty day moving average price is $51.56 and its two-hundred day moving average price is $53.89. Century Aluminum Company has a fifty-two week low of $20.21 and a fifty-two week high of $70.43. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.36 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36.

Analyst Ratings Changes

A number of equities analysts have recently commented on CENX shares. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. B. Riley Financial cut their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company raised their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.