StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX – Free Report) from a sell rating to a hold rating in a report released on Monday.
CENX has been the subject of several other research reports. BMO Capital Markets lowered their target price on shares of Century Aluminum from $17.00 to $15.00 and set a market perform rating for the company in a report on Friday, August 9th. B. Riley decreased their price objective on shares of Century Aluminum from $24.00 to $22.00 and set a buy rating for the company in a research note on Friday, August 9th.
Check Out Our Latest Stock Analysis on Century Aluminum
Century Aluminum Price Performance
Insiders Place Their Bets
In other news, CEO Jesse E. Gary sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the transaction, the chief executive officer now directly owns 62,447 shares of the company’s stock, valued at $1,012,265.87. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.
Institutional Investors Weigh In On Century Aluminum
Several hedge funds have recently modified their holdings of CENX. Covestor Ltd raised its stake in Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,787 shares in the last quarter. GAMMA Investing LLC boosted its position in Century Aluminum by 199.8% during the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,918 shares in the last quarter. Quest Partners LLC grew its stake in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Century Aluminum by 7,779.8% in the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 6,924 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Century Aluminum during the first quarter valued at about $161,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.
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.
Read More
- Five stocks we like better than Century Aluminum
- Basic Materials Stocks Investing
- 3 Beaten-Down Tech Stocks That Shouldn’t Be Overlooked
- How to Effectively Use the MarketBeat Ratings Screener
- UBS Posts Fantastic Q2 Results, But Regulatory Changes Loom Large
- What is the Australian Securities Exchange (ASX)
- Cisco Systems AI Play Gains Traction: Analysts Lead Stock Higher
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.