Century Aluminum Company $CENX Stake Lifted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 219.6% during the first quarter, Holdings Channel.com reports. The fund owned 184,061 shares of the industrial products company’s stock after purchasing an additional 126,461 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Century Aluminum were worth $10,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its position in Century Aluminum by 1.4% in the first quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 180 shares during the period. Summit Global Investments boosted its stake in Century Aluminum by 3.2% during the 1st quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 241 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Century Aluminum by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 308 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Century Aluminum by 48.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 386 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Century Aluminum by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after buying an additional 441 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

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

Century Aluminum Stock Down 2.0%

Shares of CENX opened at $43.96 on Wednesday. The company has a 50-day simple moving average of $52.60 and a 200-day simple moving average of $53.97. 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 firm has a market capitalization of $4.35 billion, a P/E ratio of 13.12 and a beta of 1.96. Century Aluminum Company has a 52 week low of $20.21 and a 52 week high of $70.43.

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.