Caxton Associates LLP Lowers Stock Holdings in Century Aluminum Company $CENX

Caxton Associates LLP lowered its stake in Century Aluminum Company (NASDAQ:CENX) by 12.6% during the first quarter, HoldingsChannel reports. The firm owned 88,690 shares of the industrial products company’s stock after selling 12,759 shares during the quarter. Caxton Associates LLP’s holdings in Century Aluminum were worth $5,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of CENX. Hollencrest Capital Management purchased a new position in Century Aluminum in the 1st quarter valued at $29,000. Summit Securities Group LLC purchased a new position in Century Aluminum during the 1st quarter worth $42,000. Private Trust Co. NA purchased a new position in Century Aluminum during the 4th quarter worth $28,000. Strs Ohio acquired a new stake in shares of Century Aluminum in the 1st quarter worth $47,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Century Aluminum in the 4th quarter worth $40,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

CENX opened at $46.36 on Friday. The stock has a market cap of $4.59 billion, a P/E ratio of 13.84 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. The stock’s 50 day simple moving average is $53.31 and its 200 day simple moving average is $53.92. Century Aluminum Company has a 1-year low of $20.21 and a 1-year high of $70.43.

Analyst Ratings Changes

CENX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Three research 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.