Wealth High Governance Capital Ltda Purchases Shares of 150,000 Century Aluminum Company $CENX

Wealth High Governance Capital Ltda purchased a new stake in shares of Century Aluminum Company (NASDAQ:CENX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 150,000 shares of the industrial products company’s stock, valued at approximately $4,404,000. Century Aluminum comprises about 1.3% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 29th largest position. Wealth High Governance Capital Ltda owned about 0.16% of Century Aluminum as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Boston Partners increased its holdings in Century Aluminum by 340.1% in the second quarter. Boston Partners now owns 1,733,668 shares of the industrial products company’s stock valued at $31,248,000 after purchasing an additional 1,339,744 shares during the period. Sourcerock Group LLC lifted its holdings in Century Aluminum by 612.0% during the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after buying an additional 1,224,088 shares during the period. American Century Companies Inc. lifted its holdings in Century Aluminum by 392.3% during the 3rd quarter. American Century Companies Inc. now owns 767,692 shares of the industrial products company’s stock worth $22,539,000 after buying an additional 611,758 shares during the period. Marshall Wace LLP bought a new stake in shares of Century Aluminum in the 2nd quarter valued at about $9,399,000. Finally, State Street Corp grew its position in shares of Century Aluminum by 13.2% in the 2nd quarter. State Street Corp now owns 3,665,546 shares of the industrial products company’s stock valued at $66,053,000 after buying an additional 426,306 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Insider Activity at Century Aluminum

In other Century Aluminum news, SVP Matt Aboud sold 12,126 shares of Century Aluminum stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $52.50, for a total value of $636,615.00. Following the completion of the sale, the senior vice president directly owned 67,814 shares of the company’s stock, valued at approximately $3,560,235. The trade was a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jesse E. Gary sold 150,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $48.19, for a total transaction of $7,228,500.00. Following the transaction, the chief executive officer owned 292,580 shares in the company, valued at $14,099,430.20. This represents a 33.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 241,097 shares of company stock valued at $11,932,418 in the last ninety days. Insiders own 0.76% of the company’s stock.

Century Aluminum Trading Down 5.1%

CENX traded down $2.94 during trading on Friday, hitting $54.78. The company’s stock had a trading volume of 688,028 shares, compared to its average volume of 2,412,061. The firm has a market capitalization of $5.42 billion, a P/E ratio of 135.85 and a beta of 2.17. Century Aluminum Company has a twelve month low of $13.05 and a twelve month high of $59.12. The stock’s fifty day moving average price is $49.48 and its 200-day moving average price is $36.44. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.52.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 EPS for the quarter, hitting the consensus estimate of $1.25. The company had revenue of $633.70 million during the quarter, compared to the consensus estimate of $661.63 million. Century Aluminum had a net margin of 1.65% and a return on equity of 5.57%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CENX shares. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. B. Riley Financial upped their target price on Century Aluminum from $64.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on shares of Century Aluminum from $61.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. One investment 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $57.00.

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.