Entropy Technologies LP Sells 12,364 Shares of Century Aluminum Company $CENX

Entropy Technologies LP decreased its position in shares of Century Aluminum Company (NASDAQ:CENX) by 45.9% in the first quarter, HoldingsChannel reports. The fund owned 14,589 shares of the industrial products company’s stock after selling 12,364 shares during the quarter. Entropy Technologies LP’s holdings in Century Aluminum were worth $856,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Glencore plc grew its holdings in Century Aluminum by 33.6% in the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after purchasing an additional 13,454,538 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Century Aluminum by 18.7% during the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after purchasing an additional 1,094,257 shares during the last quarter. State Street Corp lifted its holdings in shares of Century Aluminum by 1.8% during the 4th quarter. State Street Corp now owns 4,295,711 shares of the industrial products company’s stock valued at $168,306,000 after purchasing an additional 77,895 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Century Aluminum by 109.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after purchasing an additional 957,571 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Century Aluminum by 12.3% in the 4th quarter. Morgan Stanley now owns 1,609,093 shares of the industrial products company’s stock worth $63,044,000 after purchasing an additional 176,730 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Century Aluminum Trading Down 2.0%

NASDAQ CENX opened at $43.96 on Wednesday. Century Aluminum Company has a 12-month low of $20.21 and a 12-month high of $70.43. The company has a fifty day simple moving average of $52.60 and a two-hundred day simple moving average of $53.97. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.35 billion, a P/E ratio of 13.12 and a beta of 1.96.

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.