Insight Wealth Strategies LLC Purchases 41,857 Shares of Century Aluminum Company $CENX

Insight Wealth Strategies LLC lifted its position in shares of Century Aluminum Company (NASDAQ:CENX) by 29.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,329 shares of the industrial products company’s stock after purchasing an additional 41,857 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Century Aluminum were worth $6,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Century Aluminum by 8.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,178 shares of the industrial products company’s stock valued at $186,000 after buying an additional 407 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Century Aluminum by 230.7% in the third quarter. Farther Finance Advisors LLC now owns 4,322 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 3,015 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Century Aluminum by 27.3% in the third quarter. CoreCap Advisors LLC now owns 2,362 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 507 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Century Aluminum by 21.6% in the third quarter. Congress Asset Management Co. now owns 310,877 shares of the industrial products company’s stock worth $11,185,000 after acquiring an additional 55,241 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Century Aluminum by 10.6% in the second quarter. Tidal Investments LLC now owns 10,868 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Up 0.4%

CENX stock traded up $0.13 during midday trading on Friday, hitting $36.51. The company’s stock had a trading volume of 344,139 shares, compared to its average volume of 2,109,428. The company’s fifty day moving average price is $43.24 and its 200 day moving average price is $51.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61. Century Aluminum Company has a twelve month low of $25.40 and a twelve month high of $70.43. The stock has a market capitalization of $3.61 billion, a P/E ratio of 6.30 and a beta of 2.07.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The company had revenue of $752.10 million during the quarter, compared to the consensus estimate of $817.15 million. Century Aluminum’s quarterly revenue was up 59.0% on a year-over-year basis. As a group, equities research analysts predict that Century Aluminum Company will post 7.75 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CENX. UBS Group cut their price objective on Century Aluminum from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Century Aluminum from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Century Aluminum presently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

Century Aluminum Company Profile

Century Aluminum Company is a producer of primary aluminum. The company operates aluminum reduction facilities that convert alumina into aluminum metal through the electrolytic smelting process. Its products include standard-grade and value-added primary aluminum, which is supplied to manufacturers and other industrial customers.

Century Aluminum serves markets such as automotive, aerospace, construction, packaging and consumer products. Its operations have included facilities in the United States and Iceland, including smelters in Kentucky, South Carolina and at Grundartangi, Iceland.