PVG Asset Management Corp Acquires 27,854 Shares of Century Aluminum Company $CENX

PVG Asset Management Corp boosted its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 531.2% during the first quarter, Holdings Channel.com reports. The firm owned 33,098 shares of the industrial products company’s stock after acquiring an additional 27,854 shares during the period. Century Aluminum accounts for about 1.3% of PVG Asset Management Corp’s portfolio, making the stock its 28th largest position. PVG Asset Management Corp’s holdings in Century Aluminum were worth $1,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CENX. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum in the 1st quarter worth $25,000. Private Trust Co. NA purchased a new stake in shares of Century Aluminum during the 4th quarter valued at about $28,000. Hollencrest Capital Management purchased a new stake in shares of Century Aluminum during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,306 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Century Aluminum in the 3rd quarter valued at about $34,000. Institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CENX shares. Wells Fargo & Company lifted their price target on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. B. Riley Financial lowered their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the stock an “outperform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings downgraded Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Century Aluminum has a consensus rating of “Hold” and a consensus price target of $76.00.

Century Aluminum Price Performance

CENX stock opened at $44.77 on Monday. The stock has a market cap of $4.43 billion, a PE ratio of 13.36 and a beta of 1.96. Century Aluminum Company has a 12 month low of $20.21 and a 12 month high of $70.43. The company has a 50-day moving average price of $51.56 and a 200 day moving average price of $53.94. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

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.