Nicholas Investment Partners LP Buys Shares of 290,960 Century Aluminum Company $CENX

Nicholas Investment Partners LP bought a new stake in shares of Century Aluminum Company (NASDAQ:CENX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 290,960 shares of the industrial products company’s stock, valued at approximately $11,400,000. Nicholas Investment Partners LP owned 0.31% of Century Aluminum as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Glencore plc lifted its stake in Century Aluminum by 33.6% during the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after acquiring an additional 13,454,538 shares during the period. Vanguard Group Inc. lifted its stake in Century Aluminum by 18.7% during the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after acquiring an additional 1,094,257 shares during the period. State Street Corp lifted its stake in Century Aluminum by 1.8% during the 4th quarter. State Street Corp now owns 4,295,711 shares of the industrial products company’s stock valued at $168,306,000 after acquiring an additional 77,895 shares during the period. Morgan Stanley lifted its stake in shares of Century Aluminum by 12.3% in the 4th quarter. Morgan Stanley now owns 1,609,093 shares of the industrial products company’s stock worth $63,044,000 after purchasing an additional 176,730 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Century Aluminum by 2.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,457,401 shares of the industrial products company’s stock worth $42,789,000 after purchasing an additional 27,999 shares during the period. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Price Performance

NASDAQ CENX opened at $61.19 on Friday. Century Aluminum Company has a 12 month low of $16.59 and a 12 month high of $70.43. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 18.27 and a beta of 1.90. The company’s 50 day moving average is $62.70 and its two-hundred day moving average is $51.19. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

Insider Transactions at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the completion of the sale, the chief executive officer directly owned 142,580 shares of the company’s stock, valued at $7,908,912.60. This trade represents a 51.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CENX has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research cut shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Century Aluminum presently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.