Y Intercept Hong Kong Ltd Makes New $1.47 Million Investment in Century Aluminum Company $CENX

Y Intercept Hong Kong Ltd acquired a new stake in shares of Century Aluminum Company (NASDAQ:CENX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 50,114 shares of the industrial products company’s stock, valued at approximately $1,471,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in Century Aluminum in the 1st quarter valued at $25,000. Farther Finance Advisors LLC grew its holdings in shares of Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock valued at $25,000 after buying an additional 1,266 shares during the last quarter. CWM LLC increased its position in shares of Century Aluminum by 26.3% during the third quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 332 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,306 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Century Aluminum by 12.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 506 shares during the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jesse E. Gary sold 150,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the completion of the sale, the chief executive officer owned 292,580 shares in the company, valued at approximately $14,099,430.20. This trade represents a 33.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

CENX has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Wells Fargo & Company upped their price target on Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Zacks Research lowered Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, BMO Capital Markets lifted their price objective on shares of Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Century Aluminum Stock Performance

CENX stock opened at $45.33 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.23 billion, a PE ratio of 53.33 and a beta of 2.26. The business has a 50 day moving average of $38.85 and a 200-day moving average of $30.43. Century Aluminum Company has a 12-month low of $13.05 and a 12-month high of $52.00.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.23). Century Aluminum had a return on equity of 12.83% and a net margin of 3.47%.The business had revenue of $632.20 million during the quarter, compared to analysts’ expectations of $629.85 million. During the same period in the prior year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.

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.