Caxton Associates LLP Sells 12,759 Shares of Century Aluminum Company $CENX

Caxton Associates LLP lessened its holdings in Century Aluminum Company (NASDAQ:CENX) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,690 shares of the industrial products company’s stock after selling 12,759 shares during the period. Caxton Associates LLP owned approximately 0.09% of Century Aluminum worth $5,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CENX. Drummond Knight Asset Management Pty Ltd purchased a new position in Century Aluminum in the 4th quarter valued at approximately $12,278,000. Glencore plc increased its position in shares of Century Aluminum by 33.6% during the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after acquiring an additional 13,454,538 shares during the period. Ruffer LLP acquired a new stake in shares of Century Aluminum in the fourth quarter valued at $936,000. Assenagon Asset Management S.A. raised its stake in shares of Century Aluminum by 113.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 872,753 shares of the industrial products company’s stock valued at $34,194,000 after acquiring an additional 464,814 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Century Aluminum by 18.7% in the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after purchasing an additional 1,094,257 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Trading Up 2.3%

Shares of Century Aluminum stock opened at $46.36 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. The company has a market capitalization of $4.59 billion, a P/E ratio of 13.84 and a beta of 1.96. Century Aluminum Company has a 1 year low of $20.21 and a 1 year high of $70.43. The company’s fifty day moving average is $53.31 and its two-hundred day moving average is $53.92.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CENX. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Wells Fargo & Company upped their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. B. Riley Financial dropped their target price on Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Weiss Ratings cut shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Century Aluminum currently has a consensus rating of “Hold” and an average target price of $76.00.

Century Aluminum Company 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.