Zurcher Kantonalbank Zurich Cantonalbank Has $1.03 Million Stock Holdings in Century Aluminum Company $CENX

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Century Aluminum Company (NASDAQ:CENX) by 48.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,270 shares of the industrial products company’s stock after acquiring an additional 8,592 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Century Aluminum were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Century Aluminum by 26.3% during the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 332 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Century Aluminum by 2.5% in the third quarter. Arizona State Retirement System now owns 16,562 shares of the industrial products company’s stock valued at $486,000 after buying an additional 411 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Century Aluminum by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock valued at $1,198,000 after buying an additional 441 shares in the last quarter. Algert Global LLC lifted its holdings in Century Aluminum by 0.8% during the 3rd quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock valued at $1,584,000 after purchasing an additional 450 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Century Aluminum by 2.5% during the 2nd quarter. Sei Investments Co. now owns 20,926 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 509 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the business’s 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 transaction, the chief executive officer directly owned 142,580 shares of the company’s stock, valued at approximately $7,908,912.60. The trade was a 51.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Dezee sold 66,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $50.72, for a total value of $3,347,520.00. Following the completion of the transaction, the executive vice president directly owned 97,647 shares in the company, 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 251,626 shares of company stock valued at $13,619,411 in the last ninety days. 0.76% of the stock is owned by corporate insiders.

Century Aluminum Stock Performance

Shares of CENX stock opened at $59.44 on Friday. The business’s 50 day simple moving average is $57.38 and its 200 day simple moving average is $44.50. Century Aluminum Company has a one year low of $14.77 and a one year high of $68.69. The stock has a market capitalization of $5.88 billion, a PE ratio of 148.60 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98.

Century Aluminum (NASDAQ:CENX) last announced its earnings results 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 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 in the prior year, the business posted $0.49 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, research analysts forecast that Century Aluminum Company will post 6.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CENX shares. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Wells Fargo & Company boosted their price target on Century Aluminum from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the company an “outperform” rating in a research report on Thursday, April 9th. B. Riley Financial boosted their price target on Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, Zacks Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.33.

Century Aluminum 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.