Point72 Asia Singapore Pte. Ltd. Buys 15,319 Shares of Century Aluminum (NASDAQ:CENX)

Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Century Aluminum (NASDAQ:CENX) by 911.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,000 shares of the industrial products company’s stock after acquiring an additional 15,319 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Century Aluminum were worth $285,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd bought a new position in Century Aluminum during the 2nd quarter worth about $704,000. Impala Asset Management LLC raised its position in Century Aluminum by 20.6% in the 2nd quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock valued at $14,238,000 after buying an additional 145,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Century Aluminum by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after acquiring an additional 1,335 shares in the last quarter. Encompass Capital Advisors LLC boosted its position in Century Aluminum by 1,208.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock worth $23,477,000 after acquiring an additional 1,294,538 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Century Aluminum by 1,004.7% during the 2nd quarter. AQR Capital Management LLC now owns 111,301 shares of the industrial products company’s stock worth $1,864,000 after acquiring an additional 101,226 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CENX shares. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets lowered their target price on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th. Finally, B. Riley reduced their price target on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Century Aluminum Stock Up 0.2 %

Century Aluminum stock opened at $16.27 on Wednesday. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $21.37. The firm has a market capitalization of $1.51 billion, a PE ratio of 7.46 and a beta of 2.48. The company’s 50-day moving average is $14.12 and its 200-day moving average is $15.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $560.80 million during the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. Sell-side analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.