Headlands Technologies LLC reduced its stake in shares of Century Aluminum Company (NASDAQ:CENX – Free Report) by 35.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,413 shares of the industrial products company’s stock after selling 17,490 shares during the quarter. Headlands Technologies LLC’s holdings in Century Aluminum were worth $1,445,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in Century Aluminum during the 1st quarter worth approximately $25,000. Hollencrest Capital Management acquired a new stake in Century Aluminum in the first quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 1,306 shares during the period. Advisory Services Network LLC bought a new position in shares of Century Aluminum during the third quarter worth $34,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Century Aluminum in the 2nd quarter valued at $37,000. 61.59% of the stock is owned by institutional investors.
Century Aluminum Stock Performance
Shares of Century Aluminum stock opened at $45.77 on Tuesday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 7.91 and a beta of 1.96. The stock’s 50-day moving average is $45.51 and its 200-day moving average is $53.65. Century Aluminum Company has a one year low of $20.91 and a one year high of $70.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.75 and a quick ratio of 1.61.
Analysts Set New Price Targets
A number of research firms recently commented on CENX. Wells Fargo & Company upped their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. UBS Group began coverage on Century Aluminum in a report on Monday, August 10th. They issued a “buy” rating and a $60.00 price target for the company. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings cut Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Finally, Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.
Read Our Latest Stock Report on CENX
Century Aluminum Profile
Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.
The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.
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