Unusual call option trade on Century Aluminum (CENX) worth $116.77,000

On March 16, 2023 at 10:32:15 a.m. ET, an unusually large $116,77,000 block of call contracts in Century Aluminum (CENX) was sold, with a strike price of $11.00/share , expiring in 183 days (September 15, 2023). Fintel tracks all large option trades, and the premium spent on this trade was 1.41 sigma above the average, placing it in the 100.00 percentile of all recent large trades in CENX options. .

This trade was first detected on Fintel’s real-time unusual options trades tool, where unusual options trades are highlighted.

Analyst price forecast suggests 29.47% upside

As of March 16, 2023, the one-year average price target for Century Aluminum was $11.73. The forecast ranges from a low of $11.11 to a high of $12.60. The average price target represents a 29.47% increase from its last reported closing price of $9.06.

Check out our ranking of companies with the biggest upward price target.

Century Aluminum’s expected annual revenue is $2,259 million, down 18.66%. Projected annual non-GAAP EPS is $1.29.

What is fund sentiment?

There are 403 funds or institutions reporting positions in Century Aluminum. This is a decrease of 9 owner(s) or 2.18% in the last quarter. Average portfolio weight of all funds dedicated to CENX is 0.06%, an increase of 41.33%. The total number of shares held by institutions has increased over the past three months by 2.97% to 57,398,000 shares. CENX’s put/call ratio is 0.41, indicating a bullish outlook.

What do major shareholders do?

XME – SPDR Metals & Mining ETF holds 4,385,000 shares representing 4.75% ownership of the company. In its previous filing, the company said it held 6,575,000 shares, representing
a decrease
of 49.94%. The company

decreases

its portfolio allocation in CENX by 16.43% in the last quarter.

IJR – iShares Core S&P Small-Cap ETF holds 3,814,000 shares representing 4.13% ownership of the company. In its previous filing, the company said it held 3,758,000 shares, representing
a raise
of 1.48%. The company

increase

its portfolio allocation in CENX by 43.05% in the last quarter.

Fisher Asset Management owns 2,487,000 shares representing 2.69% ownership of the company. In its previous filing, the company said it held 2,521,000 shares, representing
a decrease
1.35%. The company

increase

its portfolio allocation in CENX by 37.85% in the last quarter.

Citadel Advisors owns 1,741,000 shares representing 1.89% ownership of the company. In its previous filing, the company said it held 737,000 shares, representing
a raise
of 57.68%. The company

increase

its portfolio allocation in CENX by 275.22% in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 1,585,000 shares representing 1.72% ownership of the company. In its previous filing, the company said it held 1,665,000 shares, representing
a decrease
of 5.03%. The company

increase

its portfolio allocation in CENX by 36.22% in the last quarter.

General Information About Century Aluminum
(This description is provided by the company.)

Century Aluminum Company has primary aluminum capability in the United States and Iceland. Century’s corporate headquarters are located in Chicago, IL.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.