Counterpoint Mutual Funds LLC Makes New $680,000 Investment in Century Aluminum Company $CENX

Counterpoint Mutual Funds LLC purchased a new position in Century Aluminum Company (NASDAQ:CENX) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 11,586 shares of the industrial products company’s stock, valued at approximately $680,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Century Aluminum by 22.1% in the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock worth $724,000 after purchasing an additional 7,051 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Century Aluminum during the 1st quarter valued at $25,000. Empowered Funds LLC increased its stake in Century Aluminum by 1.8% during the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after purchasing an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Century Aluminum by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock worth $2,301,000 after buying an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Century Aluminum by 7.1% during the second quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock worth $2,650,000 after buying an additional 9,721 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

CENX has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings cut shares of Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, BMO Capital Markets set a $75.00 price target on Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Century Aluminum Stock Performance

NASDAQ CENX opened at $43.76 on Friday. The firm has a market capitalization of $4.33 billion, a P/E ratio of 13.06 and a beta of 1.96. The business has a fifty day simple moving average of $57.87 and a 200 day simple moving average of $53.09. Century Aluminum Company has a 12 month low of $18.00 and a 12 month high of $70.43. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

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.