Millennium Management LLC Has $4.09 Million Stake in Century Aluminum (NASDAQ:CENX)

Millennium Management LLC decreased its holdings in Century Aluminum (NASDAQ:CENX) by 81.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,360 shares of the industrial products company’s stock after selling 1,040,828 shares during the period. Millennium Management LLC owned about 0.26% of Century Aluminum worth $4,093,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. MQS Management LLC increased its holdings in shares of Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 883 shares during the period. Texas Permanent School Fund Corp increased its holdings in Century Aluminum by 2.5% in the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock worth $697,000 after buying an additional 1,102 shares during the last quarter. Quest Partners LLC increased its holdings 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 worth $45,000 after buying an additional 1,385 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Century Aluminum by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock worth $6,144,000 after buying an additional 1,641 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,787 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Up 5.0 %

Shares of Century Aluminum stock opened at $17.31 on Friday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 8.32 and a beta of 2.48. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average price of $14.36 and a two-hundred day moving average price of $16.09. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $21.37.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $560.80 million for the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. Equities analysts expect that Century Aluminum will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. B. Riley dropped their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BMO Capital Markets dropped their price objective on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Friday, August 9th.

Century Aluminum Company 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.