Point72 Asset Management L.P. Invests $857,000 in Century Aluminum (NASDAQ:CENX)

Point72 Asset Management L.P. purchased a new position in Century Aluminum (NASDAQ:CENX - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 52,800 shares of the industrial products company's stock, valued at approximately $857,000. Point72 Asset Management L.P. owned approximately 0.06% of Century Aluminum at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mountaineer Partners Management LLC grew its position in shares of Century Aluminum by 1,607.1% during the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company's stock valued at $370,841,000 after purchasing an additional 21,510,639 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Century Aluminum in the 3rd quarter worth approximately $4,163,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $644,000. Centiva Capital LP bought a new position in shares of Century Aluminum during the 3rd quarter valued at approximately $559,000. Finally, Paloma Partners Management Co purchased a new position in shares of Century Aluminum in the third quarter valued at $335,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CENX shares. BMO Capital Markets upped their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target for the company in a report on Tuesday, December 3rd. B. Riley boosted their target price on Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th.

Century Aluminum Stock Down 0.9 %

NASDAQ:CENX traded down $0.19 during mid-day trading on Wednesday, hitting $21.97. 321,939 shares of the company's stock traded hands, compared to its average volume of 1,310,006. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company has a market capitalization of $2.04 billion, a P/E ratio of 7.41 and a beta of 2.50. The company has a fifty day moving average of $19.88 and a 200 day moving average of $17.10. Century Aluminum has a twelve month low of $7.76 and a twelve month high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.31. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. The company had revenue of $539.10 million during the quarter, compared to analysts' expectations of $587.10 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. On average, analysts forecast that Century Aluminum will post 0.56 EPS for the current 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.