State of Wyoming Cuts Holdings in Century Aluminum Company $CENX

State of Wyoming trimmed its stake in Century Aluminum Company (NASDAQ:CENX) by 23.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,532 shares of the industrial products company’s stock after selling 13,397 shares during the period. Century Aluminum accounts for 0.3% of State of Wyoming’s portfolio, making the stock its 21st largest position. State of Wyoming’s holdings in Century Aluminum were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of CENX. Cetera Investment Advisers lifted its holdings in shares of Century Aluminum by 510.6% during the 1st quarter. Cetera Investment Advisers now owns 43,612 shares of the industrial products company’s stock valued at $2,560,000 after purchasing an additional 36,469 shares during the last quarter. Impala Asset Management LLC increased its holdings in Century Aluminum by 13.7% in the 1st quarter. Impala Asset Management LLC now owns 975,000 shares of the industrial products company’s stock worth $57,223,000 after buying an additional 117,195 shares during the period. Summit Global Investments raised its holdings in shares of Century Aluminum by 3.2% during the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 241 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Century Aluminum in the 1st quarter valued at about $29,000. Finally, KBC Group NV acquired a new position in Century Aluminum in the first quarter valued at approximately $129,000. Institutional investors own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Wells Fargo & Company increased their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. B. Riley Financial dropped their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.00.

Century Aluminum Stock Performance

Shares of CENX opened at $45.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. Century Aluminum Company has a 1 year low of $20.21 and a 1 year high of $70.43. The stock has a market capitalization of $4.49 billion, a PE ratio of 13.53 and a beta of 1.96. The stock has a 50-day simple moving average of $53.61 and a 200-day simple moving average of $53.89.

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.