Squarepoint Ops LLC Buys 269,112 Shares of Century Aluminum Company $CENX

Squarepoint Ops LLC raised its position in Century Aluminum Company (NASDAQ:CENX) by 65.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 679,205 shares of the industrial products company’s stock after acquiring an additional 269,112 shares during the quarter. Squarepoint Ops LLC’s holdings in Century Aluminum were worth $31,250,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Hollencrest Capital Management acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in Century Aluminum in the 1st quarter valued at $42,000. Strs Ohio bought a new position in Century Aluminum during the first quarter worth about $47,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Century Aluminum in the 2nd quarter worth about $37,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $40,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CENX. Zacks Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. UBS Group assumed coverage on shares of Century Aluminum in a research note on Monday, August 10th. They set a “buy” rating and a $60.00 target price on the stock. Weiss Ratings cut Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Finally, B. Riley Financial reissued a “buy” rating on shares of Century Aluminum in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.00.

Century Aluminum Trading Up 2.5%

CENX opened at $47.95 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. Century Aluminum Company has a 1-year low of $21.56 and a 1-year high of $70.43. The company has a fifty day moving average price of $45.64 and a two-hundred day moving average price of $53.57. The company has a market cap of $4.75 billion, a P/E ratio of 8.28 and a beta of 1.99.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The company had revenue of $752.10 million during the quarter, compared to the consensus estimate of $817.15 million. Century Aluminum’s revenue was up 59.0% on a year-over-year basis. Analysts predict that Century Aluminum Company will post 7.75 EPS for the current fiscal year.

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.