WINTON GROUP Ltd Sells 35,585 Shares of Century Aluminum Company $CENX

WINTON GROUP Ltd reduced its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 42.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,912 shares of the industrial products company’s stock after selling 35,585 shares during the period. WINTON GROUP Ltd’s holdings in Century Aluminum were worth $1,436,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CENX. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum during the 1st quarter worth $25,000. CWM LLC increased its stake in shares of Century Aluminum by 26.3% in the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 332 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 1,306 shares during the period. PNC Financial Services Group Inc. raised its holdings in 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 purchasing an additional 506 shares during the period. Finally, AXQ Capital LP purchased a new position in Century Aluminum during the third quarter valued at $209,000. 61.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $48.19, for a total value 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 represents a 33.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Dezee sold 66,000 shares of the 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 directly owned 97,647 shares of the company’s stock, valued at approximately $4,952,655.84. This trade represents a 40.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 241,097 shares of company stock worth $11,932,418 over the last quarter. Company insiders own 0.68% of the company’s stock.

Century Aluminum Trading Down 1.6%

Shares of Century Aluminum stock opened at $53.56 on Wednesday. Century Aluminum Company has a fifty-two week low of $13.05 and a fifty-two week high of $56.96. 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 company has a market capitalization of $5.30 billion, a P/E ratio of 133.90 and a beta of 2.17. The company has a fifty day moving average of $48.73 and a 200 day moving average of $36.13.

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

Analyst Ratings Changes

CENX has been the subject of several 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 lifted their price objective on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, B. Riley Financial raised their target price 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $54.33.

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.