Callan Family Office LLC Takes Position in Century Aluminum Company $CENX

by · The Cerbat Gem

Callan Family Office LLC purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,706 shares of the industrial products company’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings 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 during the period. Jones Financial Companies Lllp purchased a new position in Century Aluminum during the 1st quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings 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 during the period. GAMMA Investing LLC increased its holdings 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 during the period. Finally, AlphaQuest LLC increased its holdings 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 during the period. 61.59% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms have commented on CENX. Wells Fargo & Company upgraded Century Aluminum to a “strong-buy” rating in a report on Wednesday, October 8th. B. Riley lifted their price target on Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Century Aluminum currently has an average rating of “Buy” and an average price target of $28.50.

Read Our Latest Report on Century Aluminum

Century Aluminum Stock Performance

Shares of CENX opened at $32.49 on Friday. The stock has a 50-day moving average of $25.67 and a two-hundred day moving average of $20.63. Century Aluminum Company has a one year low of $13.05 and a one year high of $33.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. The stock has a market cap of $3.03 billion, a P/E ratio of 28.01 and a beta of 2.52.

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

Century Aluminum Company Profile

(Free Report)

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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