Advisors Preferred LLC Makes New $683,000 Investment in Century Aluminum (NASDAQ:CENX)

Advisors Preferred LLC purchased a new stake in Century Aluminum (NASDAQ:CENX) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 38,105 shares of the industrial products company’s stock, valued at approximately $683,000.

Several other large investors have also made changes to their positions in CENX. Mountaineer Partners Management LLC raised its holdings in shares of Century Aluminum by 1,607.1% in the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock worth $370,841,000 after purchasing an additional 21,510,639 shares during the period. Geode Capital Management LLC raised its stake in shares of Century Aluminum by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock valued at $20,774,000 after acquiring an additional 13,486 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after acquiring an additional 319,164 shares in the last quarter. Impala Asset Management LLC boosted its position in Century Aluminum by 6.4% during the 3rd quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after purchasing an additional 54,000 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Century Aluminum by 16.9% in the third quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company’s stock valued at $10,084,000 after purchasing an additional 89,621 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Price Performance

CENX opened at $18.69 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of 6.25 and a beta of 2.50. The company has a 50-day moving average of $19.66 and a 200-day moving average of $17.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. Century Aluminum has a 1-year low of $9.65 and a 1-year high of $25.39.

Insider Activity at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the transaction, the chief executive officer now owns 50,753 shares in the company, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CENX shares. B. Riley increased their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets upped their target price on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th.

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.