Hood River Capital Management LLC reduced its stake in shares of Century Aluminum Co (NASDAQ:CENX) by 48.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 639,869 shares of the industrial products company’s stock after selling 597,360 shares during the quarter. Hood River Capital Management LLC’s holdings in Century Aluminum were worth $12,567,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Stevens Capital Management LP purchased a new position in Century Aluminum during the 3rd quarter valued at $366,000. Alliancebernstein L.P. increased its position in Century Aluminum by 41.9% during the 2nd quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock valued at $1,525,000 after purchasing an additional 28,900 shares during the period. Macquarie Group Ltd. purchased a new position in Century Aluminum during the 3rd quarter valued at $275,000. Horseman Capital Management Ltd increased its position in Century Aluminum by 7.9% during the 3rd quarter. Horseman Capital Management Ltd now owns 793,989 shares of the industrial products company’s stock valued at $13,164,000 after purchasing an additional 58,300 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in Century Aluminum during the 3rd quarter valued at $695,000. 67.72% of the stock is currently owned by institutional investors and hedge funds.
CENX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Century Aluminum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Deutsche Bank downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, December 20th. JPMorgan Chase & Co. cut shares of Century Aluminum from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $14.50 in a report on Monday, October 30th. Finally, Cowen set a $16.00 target price on shares of Century Aluminum and gave the company a “hold” rating in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.90.
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Century Aluminum Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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