Castle Hook Partners LP Cuts Stock Holdings in Century Aluminum (NASDAQ:CENX)

Castle Hook Partners LP lessened its holdings in Century Aluminum (NASDAQ:CENX) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,508,737 shares of the industrial products company’s stock after selling 153,207 shares during the quarter. Castle Hook Partners LP’s holdings in Century Aluminum were worth $24,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CENX. Quest Partners LLC grew its stake in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,233 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Century Aluminum by 7,779.8% in the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after buying an additional 6,924 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Century Aluminum in the 3rd quarter worth approximately $180,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Century Aluminum during the 3rd quarter worth approximately $189,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Down 3.4 %

CENX stock opened at $23.04 on Thursday. The stock has a market capitalization of $2.14 billion, a PE ratio of 7.71 and a beta of 2.47. Century Aluminum has a 52 week low of $7.28 and a 52 week high of $24.21. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $18.33 and a 200 day moving average of $16.74.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The business had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same period in the previous year, the firm posted ($0.13) earnings per share. Sell-side analysts forecast that Century Aluminum will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

CENX has been the topic of several analyst reports. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. BMO Capital Markets boosted their target price on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, B. Riley upped 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.

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.