AQR Capital Management LLC Raises Stock Position in Century Aluminum (NASDAQ:CENX)

AQR Capital Management LLC grew its position in Century Aluminum (NASDAQ:CENX - Free Report) by 1,004.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,301 shares of the industrial products company's stock after buying an additional 101,226 shares during the quarter. AQR Capital Management LLC owned approximately 0.12% of Century Aluminum worth $1,864,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Castle Hook Partners LP increased its holdings in Century Aluminum by 1,147.0% in the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company's stock valued at $15,034,000 after buying an additional 898,554 shares during the period. Bank of Montreal Can increased its stake in Century Aluminum by 341.1% during the 2nd quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company's stock worth $6,900,000 after purchasing an additional 318,579 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Century Aluminum by 125.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company's stock valued at $8,906,000 after purchasing an additional 296,101 shares during the period. American Century Companies Inc. raised its holdings in shares of Century Aluminum by 30.4% in the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company's stock valued at $19,870,000 after purchasing an additional 276,304 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Century Aluminum during the 1st quarter worth about $2,058,000. 61.59% of the stock is owned by institutional investors.

Century Aluminum Stock Performance

Shares of NASDAQ CENX traded up $0.54 during midday trading on Thursday, hitting $16.48. The company's stock had a trading volume of 854,019 shares, compared to its average volume of 1,354,307. The stock has a fifty day moving average price of $14.21 and a 200 day moving average price of $16.04. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 7.37 and a beta of 2.48. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. Century Aluminum has a one year low of $5.70 and a one year high of $21.37.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $560.80 million during the quarter, compared to analysts' expectations of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. On average, research analysts forecast that Century Aluminum will post 0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. BMO Capital Markets cut their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a "market perform" rating for the company in a research report on Friday, August 9th. StockNews.com lowered Century Aluminum from a "hold" rating to a "sell" rating in a research note on Tuesday, October 1st. Finally, B. Riley lowered their target price 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 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.