First Eagle Investment Management LLC Has $11.82 Million Stake in Century Aluminum Company $CENX

First Eagle Investment Management LLC decreased its position in Century Aluminum Company (NASDAQ:CENX) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 301,612 shares of the industrial products company’s stock after selling 38,541 shares during the period. First Eagle Investment Management LLC’s holdings in Century Aluminum were worth $11,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in Century Aluminum in the first quarter valued at $25,000. Private Trust Co. NA acquired a new position in Century Aluminum in the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,306 shares during the period. Advisory Services Network LLC acquired a new position in Century Aluminum in the third quarter valued at $34,000. Finally, CWM LLC lifted its holdings in Century Aluminum by 26.3% in the third quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Insider Activity

In other Century Aluminum news, EVP John Dezee sold 66,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 97,647 shares of the company’s stock, valued at approximately $4,952,655.84. This represents a 40.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jesse E. Gary sold 150,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was 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. The trade was a 51.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 251,626 shares of company stock valued at $13,619,411. 0.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CENX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. B. Riley Financial boosted their target price on shares of Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Finally, BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $80.00.

Century Aluminum Trading Up 5.1%

CENX opened at $63.27 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. Century Aluminum Company has a fifty-two week low of $15.13 and a fifty-two week high of $68.69. The firm has a market capitalization of $6.26 billion, a PE ratio of 18.89 and a beta of 1.91. The company’s 50-day moving average is $58.44 and its 200 day moving average is $45.91.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.25. Century Aluminum had a net margin of 13.75% and a return on equity of 13.59%. The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $661.63 million. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, research analysts predict that Century Aluminum Company will post 10.3 earnings per share for the current fiscal year.

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.