Renaissance Technologies LLC Purchases 21,500 Shares of Century Aluminum Company $CENX

Renaissance Technologies LLC lifted its position in Century Aluminum Company (NASDAQ:CENX) by 18.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,499 shares of the industrial products company’s stock after purchasing an additional 21,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Century Aluminum were worth $8,187,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Lido Advisors LLC lifted its position in Century Aluminum by 1.4% in the 1st quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock worth $768,000 after buying an additional 180 shares during the last quarter. Summit Global Investments grew its position in Century Aluminum by 3.2% during the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 241 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Century Aluminum by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 308 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 386 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Century Aluminum by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after acquiring an additional 441 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Price Performance

Shares of Century Aluminum stock opened at $45.20 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. Century Aluminum Company has a one year low of $20.21 and a one year high of $70.43. The business’s 50 day simple moving average is $51.17 and its two-hundred day simple moving average is $53.93. The stock has a market capitalization of $4.47 billion, a P/E ratio of 13.49 and a beta of 1.96.

Analysts Set New Price Targets

CENX has been the subject of a number of research reports. Zacks Research cut 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. B. Riley Financial lowered their price target on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Wells Fargo & Company upped their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings cut Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $76.00.

Century Aluminum 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.