Edgestream Partners L.P. Sells 51,685 Shares of Century Aluminum Company $CENX

Edgestream Partners L.P. lowered its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 32.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,739 shares of the industrial products company’s stock after selling 51,685 shares during the period. Edgestream Partners L.P.’s holdings in Century Aluminum were worth $6,206,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Glencore plc boosted its holdings in shares of Century Aluminum by 33.6% during the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after buying an additional 13,454,538 shares in the last quarter. Sourcerock Group LLC increased its stake in shares of Century Aluminum by 612.0% in the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock valued at $25,662,000 after acquiring an additional 1,224,088 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Century Aluminum by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after acquiring an additional 1,094,257 shares in the last quarter. Encompass Capital Advisors LLC lifted its position in shares of Century Aluminum by 210.4% during the 1st quarter. Encompass Capital Advisors LLC now owns 1,551,362 shares of the industrial products company’s stock valued at $91,049,000 after acquiring an additional 1,051,525 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Century Aluminum by 109.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock valued at $107,422,000 after acquiring an additional 957,571 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Performance

Shares of CENX stock opened at $44.88 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $51.97 and a two-hundred day simple moving average of $53.96. Century Aluminum Company has a 12 month low of $20.21 and a 12 month high of $70.43. The firm has a market capitalization of $4.44 billion, a PE ratio of 13.40 and a beta of 1.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CENX shares. Wells Fargo & Company raised their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. B. Riley Financial reduced their target price on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Century Aluminum has an average rating of “Hold” and a consensus price target of $76.00.

About Century Aluminum

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.