Concurrent Investment Advisors LLC Buys Shares of 22,935 Century Aluminum Company $CENX

Key Points

• Concurrent Investment Advisors LLC opened a new position in Century Aluminum (NASDAQ:CENX) in Q4, buying 22,935 shares worth about $899,000.
• Insiders have been net sellers recently — the CEO sold 150,000 shares and the EVP 66,000 shares, with insiders disposing of 251,626 shares (~$13.62M) in the last 90 days, leaving insiders with just 0.76% ownership.
• CENX trades near $59 with a $5.84B market cap and a high P/E of 147; the firm reported $1.25 EPS (in line with estimates) but missed revenue expectations, and analysts have a consensus Moderate Buy rating with a $79.33 price target.

Concurrent Investment Advisors LLC purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,935 shares of the industrial products company's stock, valued at approximately $899,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Century Aluminum during the first quarter worth about $25,000. Private Trust Co. NA acquired a new stake in shares of Century Aluminum during the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 1,306 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Century Aluminum in the 3rd quarter valued at approximately $34,000. Finally, CWM LLC grew its position in shares of Century Aluminum by 26.3% in the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Trading Down 0.8%

CENX stock opened at $58.98 on Friday. Century Aluminum Company has a one year low of $14.77 and a one year high of $68.69. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 147.45 and a beta of 1.91. The company has a fifty day moving average price of $57.38 and a two-hundred day moving average price of $44.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 0.98.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.25. Century Aluminum had a net margin of 1.65% and a return on equity of 5.57%. The company had revenue of $633.70 million during the quarter, compared to analysts' expectations of $661.63 million. During the same quarter last year, the company posted $0.49 EPS. Century Aluminum's quarterly revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that Century Aluminum Company will post 6.72 EPS for the current year.

Analyst Ratings Changes

CENX has been the topic of a number of research reports. Zacks Research lowered shares of Century Aluminum from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings raised shares of Century Aluminum from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the company an "outperform" rating in a research report on Thursday, April 9th. Wells Fargo & Company increased their target price on Century Aluminum from $69.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. Finally, Wall Street Zen raised Century Aluminum from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $79.33.

Insider Transactions at Century Aluminum

In other Century Aluminum news, EVP John Dezee sold 66,000 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $50.72, for a total value of $3,347,520.00. Following the transaction, the executive vice president directly owned 97,647 shares of the company's stock, valued at $4,952,655.84. This represents a 40.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jesse E. Gary sold 150,000 shares of Century Aluminum stock in a transaction on Monday, March 16th. The stock was sold at an average price of $55.47, for a total value of $8,320,500.00. Following the sale, the chief executive officer directly owned 142,580 shares of the company's stock, valued at $7,908,912.60. This represents a 51.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 251,626 shares of company stock worth $13,619,411. Insiders own 0.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.