In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Century Aluminum Co (NASDAQ:CENX) reported that Integrated Core Strategies (us) Llc. has picked up 5,064,558 of common stock as of 2017-06-20.
The acquisition brings the aggregate amount owned by Integrated Core Strategies (us) Llc. to a total of 5,064,558 representing a 5.8% stake in the company.
For those not familiar with the company, Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products. As of December 31, 2016, its annual primary aluminum production capacity was approximately 1,012,000 tons per year (tpy). The Company’s principal subsidiaries are Century Kentucky, Inc. (CAKY), Nordural ehf (Nordural), Century Aluminum Sebree LLC (Century Sebree), Century Aluminum of South Carolina (CASC) and Century Aluminum of West Virginia, Inc. (Century of West Virginia). Its CAKY operates a primary aluminum reduction facility in Hawesville, Kentucky (Hawesville). Nordural Grundartangi ehf, a subsidiary of Nordural, operates a primary aluminum reduction facility in Grundartangi, Iceland (Grundartangi).
A glance at Century Aluminum Co (NASDAQ:CENX)’s key stats reveals a current market capitalization of $1.24 Billion based on $87.26 Million shares outstanding and a price at last close of $14.18 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2011-08-09, Glencore picked up 503,343 at a purchase price of $9.31. This brings their total holding to 36,924,460 as of the date of the filing.
On the sell side, the most recent transaction saw Bless unload 27,618 shares at a sale price of $14.88. This brings their total holding to 347,334.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Century Aluminum Co (NASDAQ:CENX) as things move forward to see if its progress aligns with these transactions.
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