Fisher Asset Management LLC Has $33.97 Million Stake in Century Aluminum Company $CENX

Fisher Asset Management LLC decreased its position in shares of Century Aluminum Company (NASDAQ:CENX) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 866,944 shares of the industrial products company’s stock after selling 99,631 shares during the period. Fisher Asset Management LLC’s holdings in Century Aluminum were worth $33,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CENX. Glencore plc increased its holdings in shares of Century Aluminum by 33.6% during the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after buying an additional 13,454,538 shares in the last quarter. Sourcerock Group LLC increased its holdings in shares of Century Aluminum by 612.0% during the second 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after buying an additional 1,094,257 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Century Aluminum by 392.3% during the third 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 in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Century Aluminum during the second quarter worth approximately $9,399,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of Century Aluminum stock opened at $66.88 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. The firm has a market cap of $6.62 billion, a P/E ratio of 19.96 and a beta of 1.91. The firm has a 50 day simple moving average of $59.81 and a 200 day simple moving average of $48.14. Century Aluminum Company has a fifty-two week low of $15.13 and a fifty-two week high of $68.69.

Insiders Place Their Bets

In other Century Aluminum news, SVP Matt Aboud sold 2,971 shares of Century Aluminum stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total transaction of $156,482.57. Following the completion of the sale, the senior vice president owned 64,843 shares of the company’s stock, valued at approximately $3,415,280.81. The trade was a 4.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert F. Hoffman sold 10,529 shares of Century Aluminum stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $56.51, for a total transaction of $594,993.79. Following the sale, the chief accounting officer directly owned 56,643 shares of the company’s stock, valued at $3,200,895.93. This represents a 15.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 185,626 shares of company stock valued at $10,271,891. Company insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

CENX has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. B. Riley Financial raised their price target 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. Weiss Ratings raised shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. BMO Capital Markets set a $75.00 price target on shares of Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $80.00.

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.