Y Intercept Hong Kong Ltd Has $5.31 Million Holdings in Century Aluminum Company $CENX

Y Intercept Hong Kong Ltd trimmed its holdings in Century Aluminum Company (NASDAQ:CENX) by 36.0% in the 1st quarter, Holdings Channel reports. The fund owned 90,400 shares of the industrial products company’s stock after selling 50,800 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Century Aluminum were worth $5,306,000 as of its most recent filing with the Securities and Exchange Commission.

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

Century Aluminum Price Performance

Shares of CENX stock opened at $43.76 on Friday. Century Aluminum Company has a 52 week low of $18.00 and a 52 week high of $70.43. The stock has a market capitalization of $4.33 billion, a PE ratio of 13.06 and a beta of 1.96. 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 stock’s fifty day moving average is $57.87 and its 200-day moving average is $53.09.

Wall Street Analyst Weigh In

CENX has been the topic of several research reports. B. Riley Financial boosted their price target on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. 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. Weiss Ratings downgraded shares of Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Wells Fargo & Company increased their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Century Aluminum currently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

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.