Y Intercept Hong Kong Ltd Has $5.31 Million Stock Holdings in Century Aluminum Company $CENX

Y Intercept Hong Kong Ltd decreased its stake in Century Aluminum Company (NASDAQ:CENX) by 36.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,400 shares of the industrial products company’s stock after selling 50,800 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.09% of Century Aluminum worth $5,306,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Century Aluminum by 22.1% during the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock valued at $724,000 after acquiring an additional 7,051 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Century Aluminum during the first quarter worth $25,000. Empowered Funds LLC boosted its position in Century Aluminum by 1.8% during the first quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock valued at $1,098,000 after purchasing an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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. grew its stake in Century Aluminum by 7.1% in the second quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock valued at $2,650,000 after purchasing an additional 9,721 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

CENX has been the topic of several research reports. Weiss Ratings lowered Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday. B. Riley Financial boosted their price target on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Zacks Research downgraded Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 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 research report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Century Aluminum presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Century Aluminum Price Performance

Shares of Century Aluminum stock opened at $43.76 on Friday. Century Aluminum Company has a 12-month low of $18.00 and a 12-month high of $70.43. 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 stock has a 50 day moving average price of $57.87 and a two-hundred day moving average price of $53.09. The stock has a market capitalization of $4.33 billion, a P/E ratio of 13.06 and a beta of 1.96.

Century Aluminum 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.