Century Aluminum Company $CENX Shares Acquired by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp lifted its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 26.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,500 shares of the industrial products company’s stock after acquiring an additional 16,089 shares during the period. Lombard Odier Asset Management USA Corp owned 0.08% of Century Aluminum worth $2,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in Century Aluminum during the 1st quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,306 shares during the period. CWM LLC raised its holdings in shares of Century Aluminum by 26.3% in the third quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after buying an additional 332 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Century Aluminum by 12.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $80,000 after buying an additional 506 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Century Aluminum during the second quarter worth about $207,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CENX has been the topic of a number of research reports. B. Riley Financial raised their price target on Century Aluminum from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Wells Fargo & Company increased their price objective on Century Aluminum from $61.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $57.00.

Insider Activity at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 10,529 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $56.51, for a total value of $594,993.79. Following the completion of the transaction, the chief accounting officer directly owned 56,643 shares of the company’s stock, valued at approximately $3,200,895.93. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Dezee sold 66,000 shares of Century Aluminum stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $50.72, for a total transaction of $3,347,520.00. Following the sale, the executive vice president owned 97,647 shares of the company’s stock, valued at approximately $4,952,655.84. The trade was a 40.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 251,626 shares of company stock valued at $12,527,411. 0.68% of the stock is owned by corporate insiders.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $55.65 on Tuesday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 139.13 and a beta of 2.16. Century Aluminum Company has a one year low of $13.05 and a one year high of $59.12. The company’s fifty day moving average is $49.99 and its two-hundred day moving average is $37.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.98 and a current ratio of 1.97.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.25. Century Aluminum had a net margin of 1.65% and a return on equity of 5.57%. The business had revenue of $633.70 million during the quarter, compared to the consensus estimate of $661.63 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up .4% compared to the same quarter last year. Analysts forecast that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

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.