Headlands Technologies LLC Has $1.45 Million Position in Century Aluminum Company $CENX

Headlands Technologies LLC trimmed its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 35.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,413 shares of the industrial products company’s stock after selling 17,490 shares during the period. Headlands Technologies LLC’s holdings in Century Aluminum were worth $1,445,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms have recently commented on CENX. Wells Fargo & Company increased their price objective on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. UBS Group initiated coverage on shares of Century Aluminum in a research note on Monday, August 10th. They issued a “buy” rating and a $60.00 price target for the company. Zacks Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Century Aluminum in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Century Aluminum Stock Down 1.8%

CENX opened at $45.77 on Tuesday. The stock’s fifty day simple moving average is $45.51 and its 200 day simple moving average is $53.65. Century Aluminum Company has a 1-year low of $20.91 and a 1-year high of $70.43. The stock has a market cap of $4.53 billion, a PE ratio of 7.91 and a beta of 1.96. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm had revenue of $752.10 million during the quarter, compared to analysts’ expectations of $817.15 million. The firm’s revenue for the quarter was up 59.0% on a year-over-year basis. As a group, research analysts expect that Century Aluminum Company will post 7.75 earnings per share for the current year.

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.