Century Aluminum Company (NASDAQ:CENX) Receives $53.00 Average PT from Brokerages

Shares of Century Aluminum Company (NASDAQ:CENX) have earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $53.00.

A number of analysts have recently weighed in on CENX shares. Wells Fargo & Company upped their target price on shares of Century Aluminum from $46.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. B. Riley Financial upped their price objective on shares of Century Aluminum from $37.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Zacks Research downgraded shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. BMO Capital Markets boosted their price target on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, January 21st.

Insider Activity at Century Aluminum

In other news, CEO Jesse E. Gary sold 150,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the completion of the transaction, the chief executive officer directly owned 292,580 shares in the company, valued at $14,099,430.20. This trade represents a 33.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Century Aluminum

Several institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in Century Aluminum in the second quarter valued at about $641,000. Convergence Investment Partners LLC purchased a new stake in shares of Century Aluminum during the 3rd quarter valued at about $942,000. New Century Financial Group LLC purchased a new stake in shares of Century Aluminum during the 3rd quarter valued at about $987,000. Campbell & CO Investment Adviser LLC lifted its stake in shares of Century Aluminum by 620.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 143,144 shares of the industrial products company’s stock worth $4,203,000 after purchasing an additional 123,285 shares during the period. Finally, SummerHaven Investment Management LLC purchased a new position in shares of Century Aluminum in the third quarter worth approximately $1,277,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Up 3.7%

Shares of NASDAQ:CENX opened at $54.36 on Thursday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 63.95 and a beta of 2.24. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.79 and a current ratio of 1.71. The stock has a 50 day moving average price of $41.35 and a 200-day moving average price of $31.76. Century Aluminum has a 52-week low of $13.05 and a 52-week high of $55.59.

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.