Counterpoint Mutual Funds LLC Makes New $680,000 Investment in Century Aluminum Company $CENX

Counterpoint Mutual Funds LLC purchased a new position in Century Aluminum Company (NASDAQ:CENX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,586 shares of the industrial products company’s stock, valued at approximately $680,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of Century Aluminum during the fourth quarter worth $28,000. Strs Ohio acquired a new position in Century Aluminum in the first quarter valued at $47,000. Transamerica Financial Advisors LLC acquired a new position in Century Aluminum in the fourth quarter valued at $40,000. Leonteq Securities AG bought a new stake in Century Aluminum during the first quarter valued at $67,000. Finally, Advisory Services Network LLC bought a new stake in Century Aluminum during the third quarter valued at $34,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $43.76 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. The firm has a market cap of $4.33 billion, a PE ratio of 13.06 and a beta of 1.96. The company’s fifty day simple moving average is $57.87 and its 200 day simple moving average is $53.09. Century Aluminum Company has a 12-month low of $18.00 and a 12-month high of $70.43.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. B. Riley Financial increased their price target on Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Wells Fargo & Company boosted their price objective 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 lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the stock an “outperform” rating in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Century Aluminum presently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.