Lombard Odier Asset Management USA Corp Sells 51,841 Shares of Century Aluminum Company $CENX

Lombard Odier Asset Management USA Corp lessened its position in shares of Century Aluminum Company (NASDAQ:CENX) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,659 shares of the industrial products company’s stock after selling 51,841 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Century Aluminum were worth $966,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Glencore plc raised its stake in Century Aluminum by 33.6% during the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after buying an additional 13,454,538 shares during the last quarter. Drummond Knight Asset Management Pty Ltd bought a new position in Century Aluminum during the fourth quarter worth $12,278,000. Jefferies Financial Group Inc. bought a new position in Century Aluminum during the third quarter worth $6,264,000. Insight Wealth Strategies LLC bought a new position in Century Aluminum during the fourth quarter worth $6,036,000. Finally, Ruffer LLP bought a new position in Century Aluminum during the fourth quarter worth $936,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of CENX opened at $53.55 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The stock has a 50-day moving average of $62.36 and a 200-day moving average of $51.71. The company has a market cap of $5.30 billion, a PE ratio of 15.99 and a beta of 1.90. Century Aluminum Company has a one year low of $16.59 and a one year high of $70.43.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Wall Street Zen raised shares of Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday. B. Riley Financial lifted their target price on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Finally, BMO Capital Markets set a $75.00 price target on shares of Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.