Century Aluminum Company $CENX is Impala Asset Management LLC's Largest Position

Key Points

• Impala Asset Management increased its stake in Century Aluminum by 13.7% in the first quarter, making CENX its largest holding at 26.7% of the fund’s portfolio.
• Century Aluminum traded at $45.33 with a market cap of $4.49 billion, and its shares have ranged from a 52-week low of $20.21 to a high of $70.43.
• Wall Street sentiment is mixed: the stock has a consensus Hold rating and a $76 average price target, even as some firms recently downgraded the name while Wells Fargo kept an overweight rating.

Impala Asset Management LLC raised its holdings in Century Aluminum Company (NASDAQ:CENX - Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 975,000 shares of the industrial products company's stock after acquiring an additional 117,195 shares during the quarter. Century Aluminum makes up 26.7% of Impala Asset Management LLC's holdings, making the stock its largest holding. Impala Asset Management LLC owned about 0.99% of Century Aluminum worth $57,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CENX. Hollencrest Capital Management purchased a new stake in shares of Century Aluminum during the first quarter valued at $29,000. Summit Securities Group LLC purchased a new position in Century Aluminum in the 1st quarter worth about $42,000. Private Trust Co. NA bought a new stake in Century Aluminum during the 4th quarter valued at about $28,000. Strs Ohio bought a new stake in Century Aluminum during the 1st quarter valued at about $47,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Century Aluminum in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 61.59% of the company's stock.

Century Aluminum Price Performance

NASDAQ CENX opened at $45.33 on Thursday. The company has a market cap of $4.49 billion, a PE ratio of 13.53 and a beta of 1.96. The firm's 50 day moving average price is $53.61 and its 200-day moving average price is $53.89. 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 52-week low of $20.21 and a 52-week high of $70.43.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CENX. Weiss Ratings downgraded shares of Century Aluminum from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Zacks Research downgraded shares of Century Aluminum from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Wall Street Zen lowered Century Aluminum from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. Wells Fargo & Company boosted their price target on Century Aluminum from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 8th. Finally, B. Riley Financial dropped their price objective on Century Aluminum from $86.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $76.00.

Century Aluminum Company 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.

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