PVG Asset Management Corp Raises Stock Holdings in Century Aluminum Company $CENX

Key Points

• PVG Asset Management increased its Century Aluminum stake by 531.2% in the first quarter, owning 33,098 shares valued at approximately $1.81 million. Hedge funds and other institutional investors collectively own 61.59% of CENX.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one rates it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $76.
• CENX opened at $44.77 and has traded between $20.21 and $70.43 over the past year; the company currently has a $4.43 billion market capitalization and a price-to-earnings ratio of 13.36.

PVG Asset Management Corp lifted its stake in Century Aluminum Company (NASDAQ:CENX - Free Report) by 531.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,098 shares of the industrial products company's stock after buying an additional 27,854 shares during the quarter. Century Aluminum comprises 1.3% of PVG Asset Management Corp's portfolio, making the stock its 28th biggest holding. 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.

A number of other large investors have also recently made changes to their positions in CENX. AQR Capital Management LLC grew its stake in shares of Century Aluminum by 22.1% during the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company's stock valued at $724,000 after acquiring an additional 7,051 shares during the period. Jones Financial Companies Lllp bought a new stake in Century Aluminum during the 1st quarter worth approximately $25,000. Empowered Funds LLC raised its stake in Century Aluminum by 1.8% during the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company's stock worth $1,098,000 after acquiring an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Century Aluminum by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company's stock valued at $2,301,000 after purchasing an additional 21,702 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Century Aluminum by 7.1% during the second quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company's stock valued at $2,650,000 after purchasing an additional 9,721 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. B. Riley Financial reduced their price objective on shares of Century Aluminum from $86.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an "outperform" rating in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of Century Aluminum from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price target on Century Aluminum from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, May 8th. Finally, Wall Street Zen lowered Century Aluminum from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Three 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $76.00.

Century Aluminum Stock Performance

Shares of CENX stock opened at $44.77 on Monday. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.43 billion, a price-to-earnings 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 stock's 50-day moving average price is $51.56 and its 200-day moving average price is $53.94.

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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