Renaissance Technologies LLC Sells 59,800 Shares of Century Aluminum (NASDAQ:CENX)

Renaissance Technologies LLC lowered its position in shares of Century Aluminum (NASDAQ:CENX) by 18.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,299 shares of the industrial products company’s stock after selling 59,800 shares during the quarter. Renaissance Technologies LLC owned 0.28% of Century Aluminum worth $4,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Texas Permanent School Fund Corp grew its position in Century Aluminum by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock valued at $697,000 after buying an additional 1,102 shares during the period. Quest Partners LLC boosted its stake in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 1,385 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Century Aluminum by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after acquiring an additional 1,641 shares during the period. Covestor Ltd increased its stake in shares of Century Aluminum by 13,746.2% during the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,787 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Century Aluminum by 199.8% in the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 1,918 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Trading Down 0.7 %

Shares of CENX opened at $16.15 on Friday. The business’s 50-day moving average price is $14.11 and its 200-day moving average price is $15.84. The stock has a market cap of $1.50 billion, a PE ratio of 7.41 and a beta of 2.48. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $21.37. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data 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). Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The business had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $530.90 million. On average, equities analysts forecast that Century Aluminum will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, August 9th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Finally, B. Riley lowered their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

About Century Aluminum

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.