CSM Advisors LLC Has $8.76 Million Stock Position in Century Aluminum Company $CENX

Key Points

• CSM Advisors LLC increased its stake in Century Aluminum (NASDAQ:CENX) by 13.8% to 298,204 shares, worth about $8.76 million at the end of the latest reporting period.
• Analyst sentiment is generally positive with a consensus "Buy" rating and a consensus price target of $57, alongside recent price-target raises from firms like B. Riley and Wells Fargo.
• Insiders have been net sellers recently, offloading 251,626 shares worth about $12.53 million in the past 90 days, while insiders own roughly 0.76% of the stock.

CSM Advisors LLC lifted its stake in Century Aluminum Company (NASDAQ:CENX - Free Report) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,204 shares of the industrial products company's stock after buying an additional 36,251 shares during the period. CSM Advisors LLC owned about 0.32% of Century Aluminum worth $8,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in Century Aluminum in the first quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company's stock worth $33,000 after acquiring an additional 1,306 shares in the last quarter. CWM LLC lifted its holdings in shares of Century Aluminum by 26.3% during the third quarter. CWM LLC now owns 1,592 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 332 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Century Aluminum by 12.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 506 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Century Aluminum in the 2nd quarter valued at $207,000. Institutional investors own 61.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. B. Riley Financial lifted their price target on shares of Century Aluminum from $64.00 to $68.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Century Aluminum in a research note on Wednesday, January 21st. Wells Fargo & Company raised their price objective on shares of Century Aluminum from $61.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wall Street Zen raised shares of Century Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $57.00.

Insider Activity at Century Aluminum

In other Century Aluminum news, SVP Matt Aboud sold 2,971 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.67, for a total value of $156,482.57. Following the completion of the transaction, the senior vice president directly owned 64,843 shares of the company's stock, valued at approximately $3,415,280.81. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert F. Hoffman sold 10,529 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $56.51, for a total transaction of $594,993.79. Following the transaction, the chief accounting officer owned 56,643 shares in the company, valued at $3,200,895.93. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 251,626 shares of company stock worth $12,527,411. 0.76% of the stock is owned by insiders.

Century Aluminum Price Performance

Shares of CENX stock opened at $54.73 on Friday. Century Aluminum Company has a 52 week low of $13.05 and a 52 week high of $59.12. The stock has a market capitalization of $5.42 billion, a PE ratio of 136.83 and a beta of 2.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.98 and a current ratio of 1.97. The stock's fifty day moving average is $49.76 and its 200-day moving average is $36.76.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.25. The business had revenue of $633.70 million during the quarter, compared to analysts' expectations of $661.63 million. Century Aluminum had a return on equity of 5.57% and a net margin of 1.65%.The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. Equities research analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

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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