325,200 Shares in Century Aluminum Company $CENX Bought by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. purchased a new stake in shares of Century Aluminum Company (NASDAQ:CENX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 325,200 shares of the industrial products company’s stock, valued at approximately $5,860,000. Century Aluminum accounts for 1.3% of Icon Advisers Inc. Co.’s portfolio, making the stock its 12th largest holding. Icon Advisers Inc. Co. owned approximately 0.35% of Century Aluminum at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Century Aluminum by 1,291.8% in the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 1,266 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Century Aluminum in the 1st quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of Century Aluminum by 261.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 2,909 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Century Aluminum by 12.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after buying an additional 506 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Century Aluminum in the second quarter worth $124,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

CENX stock opened at $30.42 on Friday. The company has a 50-day simple moving average of $29.50 and a 200 day simple moving average of $23.58. The company has a market capitalization of $2.84 billion, a P/E ratio of 26.22 and a beta of 2.51. Century Aluminum Company has a fifty-two week low of $13.05 and a fifty-two week high of $34.51. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.23). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The firm had revenue of $632.20 million for the quarter, compared to the consensus estimate of $629.85 million. During the same period in the previous year, the firm earned $0.63 EPS. Century Aluminum’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In related news, SVP Agust F. Hafberg sold 9,493 shares of Century Aluminum stock in a transaction on Friday, September 26th. The stock was sold at an average price of $27.91, for a total value of $264,949.63. Following the transaction, the senior vice president directly owned 55,260 shares in the company, valued at $1,542,306.60. The trade was a 14.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. BMO Capital Markets increased their target price 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. Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, November 5th. Finally, Wells Fargo & Company increased their price objective on shares of Century Aluminum from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.