Millennium Management LLC Sells 1,040,828 Shares of Century Aluminum (NASDAQ:CENX)

Millennium Management LLC trimmed its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 81.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,360 shares of the industrial products company's stock after selling 1,040,828 shares during the period. Millennium Management LLC owned 0.26% of Century Aluminum worth $4,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in Century Aluminum during the first quarter worth about $2,058,000. GSA Capital Partners LLP grew its stake in shares of Century Aluminum by 314.4% in the 1st quarter. GSA Capital Partners LLP now owns 109,004 shares of the industrial products company's stock worth $1,678,000 after acquiring an additional 82,703 shares in the last quarter. SG Americas Securities LLC purchased a new position in Century Aluminum in the first quarter worth $601,000. BNP Paribas Financial Markets increased its stake in shares of Century Aluminum by 43.4% during the 1st quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company's stock worth $3,553,000 after purchasing an additional 69,910 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Century Aluminum by 125.7% in the second 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. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CENX has been the topic of a number of research analyst reports. B. Riley reduced their target price on Century Aluminum from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, August 9th. BMO Capital Markets reduced their price target 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. Finally, StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Thursday.

Century Aluminum Price Performance

NASDAQ CENX traded up $0.83 during midday trading on Friday, hitting $17.31. The company had a trading volume of 1,334,390 shares, compared to its average volume of 1,354,198. The firm has a 50-day moving average price of $14.36 and a 200-day moving average price of $16.09. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $21.37. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.61 billion, a PE ratio of 8.32 and a beta of 2.48.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm 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%. As a group, analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

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.