Segall Bryant & Hamill LLC Lowers Position in Century Aluminum Company $CENX

Segall Bryant & Hamill LLC cut its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 27.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,085 shares of the industrial products company’s stock after selling 27,443 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Century Aluminum were worth $4,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in Century Aluminum by 22.1% during the first quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock worth $724,000 after purchasing an additional 7,051 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Century Aluminum during the 1st quarter valued at about $25,000. Empowered Funds LLC lifted its position in Century Aluminum by 1.8% in the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock worth $1,098,000 after buying an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Century Aluminum by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock worth $2,301,000 after buying an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Century Aluminum by 7.1% in the second quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock worth $2,650,000 after buying an additional 9,721 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CENX has been the topic of several research reports. BMO Capital Markets set a $75.00 price target on shares of Century Aluminum and gave the stock an “outperform” rating in a research note on Thursday, April 9th. 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. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Three 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.00.

Century Aluminum Stock Up 1.0%

Shares of Century Aluminum stock opened at $45.20 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. Century Aluminum Company has a 52-week low of $20.21 and a 52-week high of $70.43. The company’s 50 day moving average price is $51.17 and its 200-day moving average price is $53.93. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 13.49 and a beta of 1.96.

About Century Aluminum

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.