Glencore plc Has $721.78 Million Stock Holdings in Century Aluminum Company $CENX

Key Points

• Glencore plc increased its holdings in Century Aluminum Company to approximately $721.78 million, representing about 85.7% of its portfolio with a total of 40,054,508 shares.
• Research firms have recently issued mixed ratings on CENX, with Zacks upgrading it to a strong-buy rating, while others like Wall Street Zen downgraded it to a "hold" rating.
• Century Aluminum's stock has shown significant volatility, opening at $31.60 with a 52-week high of $31.66, despite a recent quarterly earnings miss of ($0.05) per share.

Glencore plc raised its holdings in Century Aluminum Company (NASDAQ:CENX - Free Report) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,054,508 shares of the industrial products company's stock after purchasing an additional 16,477 shares during the period. Century Aluminum makes up about 85.7% of Glencore plc's portfolio, making the stock its largest holding. Glencore plc owned approximately 42.93% of Century Aluminum worth $721,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CENX. Jones Financial Companies Lllp bought a new stake in Century Aluminum in the 1st quarter valued at about $25,000. Farther Finance Advisors LLC increased its position in Century Aluminum by 1,291.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company's stock worth $25,000 after purchasing an additional 1,266 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after purchasing an additional 2,909 shares in the last quarter. GAMMA Investing LLC increased its position in Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after purchasing an additional 628 shares in the last quarter. Finally, AlphaQuest LLC increased its position in Century Aluminum by 177.6% during the 1st quarter. AlphaQuest LLC now owns 6,970 shares of the industrial products company's stock worth $129,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors own 61.59% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CENX. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. B. Riley upped their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Wall Street Zen cut shares of Century Aluminum from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Century Aluminum in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $28.50.

Insider Buying and Selling at Century Aluminum

In other news, SVP Agust F. Hafberg sold 9,493 shares of the stock in a transaction on Friday, September 26th. The shares were sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the sale, the senior vice president directly owned 55,260 shares in the company, valued at $1,542,306.60. This represents a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matt Aboud sold 12,027 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president owned 62,589 shares of the company's stock, valued at approximately $1,456,446.03. This trade represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Century Aluminum Trading Up 12.5%

Shares of NASDAQ CENX opened at $31.60 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. Century Aluminum Company has a 52-week low of $13.05 and a 52-week high of $31.66. The firm has a 50 day moving average price of $24.39 and a two-hundred day moving average price of $20.10. The stock has a market cap of $2.95 billion, a P/E ratio of 27.24 and a beta of 2.52.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The firm had revenue of $628.10 million for the quarter, compared to analyst estimates of $606.10 million. As a group, equities analysts forecast that Century Aluminum Company will post 2.76 EPS for the current year.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.

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