Century Aluminum Company $CENX Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Century Aluminum Company (NASDAQ:CENX) by 20.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,190,922 shares of the industrial products company’s stock after selling 574,210 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Century Aluminum were worth $128,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Century Aluminum by 22.1% in the 1st 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 in the last quarter. Jones Financial Companies Lllp bought a new position in Century Aluminum during the first quarter worth $25,000. Empowered Funds LLC boosted its holdings in Century Aluminum by 1.8% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Century Aluminum by 21.2% during the first 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 valued at $2,301,000 after purchasing an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Century Aluminum by 7.1% during the second 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 period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Performance

CENX opened at $44.87 on Tuesday. The business’s 50 day moving average is $52.89 and its 200-day moving average is $53.96. The stock has a market cap of $4.44 billion, a PE ratio of 13.39 and a beta of 1.96. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. Century Aluminum Company has a twelve month low of $20.21 and a twelve month high of $70.43.

Analysts Set New Price Targets

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

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.