Renaissance Technologies LLC Has $4.19 Million Stake in Century Aluminum (NASDAQ:CENX)

Renaissance Technologies LLC lowered its holdings in shares of Century Aluminum (NASDAQ:CENX - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,699 shares of the industrial products company's stock after selling 55,000 shares during the quarter. Renaissance Technologies LLC owned 0.25% of Century Aluminum worth $4,185,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in Century Aluminum by 190.7% in the 4th quarter. Federated Hermes Inc. now owns 72,283 shares of the industrial products company's stock worth $1,317,000 after purchasing an additional 47,417 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Century Aluminum by 81.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 21,207 shares of the industrial products company's stock worth $386,000 after buying an additional 9,543 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Century Aluminum by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 103,577 shares of the industrial products company's stock worth $1,887,000 after buying an additional 3,580 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Century Aluminum in the 4th quarter valued at approximately $2,217,000. Finally, Trexquant Investment LP acquired a new stake in Century Aluminum in the 4th quarter valued at approximately $1,606,000. Institutional investors and hedge funds own 61.59% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CENX. BMO Capital Markets raised shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Monday, February 24th. StockNews.com downgraded shares of Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

Century Aluminum Stock Down 2.7 %

CENX stock traded down $0.46 during mid-day trading on Friday, reaching $16.79. The company had a trading volume of 768,012 shares, compared to its average volume of 1,391,631. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 5.31 and a beta of 2.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $19.11.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The business had revenue of $631.00 million for the quarter, compared to the consensus estimate of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, equities analysts predict that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the transaction, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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.