Renaissance Technologies LLC Buys 21,500 Shares of Century Aluminum Company $CENX

Renaissance Technologies LLC increased its stake in Century Aluminum Company (NASDAQ:CENX) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,499 shares of the industrial products company’s stock after purchasing an additional 21,500 shares during the quarter. Renaissance Technologies LLC owned about 0.14% of Century Aluminum worth $8,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CENX. Hollencrest Capital Management purchased a new position in Century Aluminum during the 1st quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in shares of Century Aluminum in the first quarter worth about $42,000. Private Trust Co. NA bought a new position in shares of Century Aluminum in the fourth quarter valued at approximately $28,000. Strs Ohio bought a new position in shares of Century Aluminum in the first quarter valued at approximately $47,000. Finally, Transamerica Financial Advisors LLC purchased a new position in Century Aluminum during the fourth quarter valued at approximately $40,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Trading Up 1.0%

Shares of CENX opened at $45.20 on Tuesday. The firm’s 50 day simple moving average is $51.17 and its 200 day simple moving average is $53.93. The company has a market capitalization of $4.47 billion, a P/E ratio of 13.49 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. Century Aluminum Company has a 1-year low of $20.21 and a 1-year high of $70.43.

Analyst Upgrades and Downgrades

CENX has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. BMO Capital Markets set a $75.00 price target on shares of Century Aluminum and gave the company an “outperform” rating in a research report on Thursday, April 9th. Wells Fargo & Company upped 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. Weiss Ratings downgraded Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Finally, B. Riley Financial dropped their price objective 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. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Century Aluminum currently has a consensus rating of “Hold” and a consensus 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.