Insight Wealth Strategies LLC Makes New $6.04 Million Investment in Century Aluminum Company $CENX

Insight Wealth Strategies LLC purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 154,066 shares of the industrial products company’s stock, valued at approximately $6,036,000. Insight Wealth Strategies LLC owned about 0.17% of Century Aluminum at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CENX. Convergence Investment Partners LLC purchased a new stake in Century Aluminum in the third quarter worth about $942,000. New Century Financial Group LLC purchased a new position in shares of Century Aluminum during the 3rd quarter valued at about $987,000. Campbell & CO Investment Adviser LLC lifted its position in shares of Century Aluminum by 620.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 143,144 shares of the industrial products company’s stock valued at $4,203,000 after buying an additional 123,285 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Century Aluminum during the 3rd quarter valued at approximately $1,277,000. Finally, Principal Financial Group Inc. grew its stake in shares of Century Aluminum by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 350,858 shares of the industrial products company’s stock valued at $10,301,000 after acquiring an additional 91,647 shares during the period. Institutional investors own 61.59% of the company’s stock.

Insider Transactions at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of Century Aluminum stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.47, for a total value of $8,320,500.00. Following the sale, the chief executive officer owned 142,580 shares of the company’s stock, valued at $7,908,912.60. The trade was a 51.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Matt Aboud sold 12,126 shares of the company’s 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 sale, the senior vice president directly owned 67,814 shares in the company, valued at $3,560,235. This trade represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 401,626 shares of company stock valued at $20,847,911 in the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Century Aluminum Stock Performance

Shares of NASDAQ CENX opened at $55.34 on Thursday. The company has a market cap of $5.48 billion, a P/E ratio of 138.35 and a beta of 2.17. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $59.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.98 and a current ratio of 1.97. The firm’s fifty day moving average is $50.53 and its two-hundred day moving average is $37.46.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 EPS for the quarter, meeting the consensus estimate 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 in the prior year, the firm earned $0.49 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.