Advisors Preferred LLC Purchases New Holdings in Century Aluminum (NASDAQ:CENX)

Advisors Preferred LLC purchased a new stake in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,105 shares of the industrial products company's stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CENX. The Manufacturers Life Insurance Company increased its holdings in Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company's stock worth $467,000 after purchasing an additional 1,335 shares during the period. SG Americas Securities LLC purchased a new position in shares of Century Aluminum during the third quarter valued at $475,000. GAMMA Investing LLC lifted its stake in Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after acquiring an additional 1,233 shares during the period. Jade Capital Advisors LLC purchased a new stake in Century Aluminum in the third quarter worth about $406,000. Finally, Assenagon Asset Management S.A. grew its holdings in Century Aluminum by 16.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company's stock worth $10,084,000 after acquiring an additional 89,621 shares in the last quarter. Institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Down 7.4 %

Century Aluminum stock traded down $1.60 during midday trading on Wednesday, reaching $20.16. The company's stock had a trading volume of 2,159,129 shares, compared to its average volume of 1,496,965. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The stock has a market capitalization of $1.87 billion, a P/E ratio of 6.74 and a beta of 2.50. The stock's 50-day simple moving average is $19.50 and its 200-day simple moving average is $17.75. Century Aluminum has a 52-week low of $9.65 and a 52-week high of $25.39.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

Century Aluminum Profile

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.