Wealth High Governance Capital Ltda Has $8.25 Million Position in Century Aluminum Company $CENX

Wealth High Governance Capital Ltda grew its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 44.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,525 shares of the industrial products company’s stock after acquiring an additional 43,091 shares during the period. Century Aluminum accounts for 2.5% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 18th biggest holding. Wealth High Governance Capital Ltda’s holdings in Century Aluminum were worth $8,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its position in Century Aluminum by 22.1% during the first quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 7,051 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Century Aluminum in the first quarter valued at about $25,000. Empowered Funds LLC increased its position in Century Aluminum by 1.8% in the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock worth $1,098,000 after purchasing an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Century Aluminum by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock worth $2,301,000 after purchasing an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Century Aluminum by 7.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock worth $2,650,000 after purchasing an additional 9,721 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $44.77 on Monday. The stock has a market capitalization of $4.43 billion, a P/E ratio of 13.36 and a beta of 1.96. The business has a 50-day moving average of $51.56 and a two-hundred day moving average of $53.94. Century Aluminum Company has a fifty-two week low of $20.21 and a fifty-two week high of $70.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36.

Wall Street Analyst Weigh In

CENX has been the subject of several research reports. Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen lowered shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research cut shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Century Aluminum currently has a consensus rating of “Hold” and a consensus target price of $76.00.

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.