SG Americas Securities LLC Invests $486,000 in Century Aluminum (NASDAQ:CENX)

SG Americas Securities LLC acquired a new stake in shares of Century Aluminum (NASDAQ:CENX – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,486 shares of the industrial products company’s stock, valued at approximately $486,000.

A number of other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in shares of Century Aluminum in the first quarter worth approximately $30,000. Advisor Partners LLC bought a new position in shares of Century Aluminum during the first quarter valued at about $210,000. Sciencast Management LP purchased a new stake in shares of Century Aluminum during the first quarter worth about $216,000. Newbridge Financial Services Group Inc. grew its stake in shares of Century Aluminum by 25.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 9,508 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Century Aluminum during the 4th quarter valued at about $172,000. Institutional investors own 56.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CENX. B. Riley reduced their target price on Century Aluminum from $32.00 to $30.00 in a research note on Monday, May 2nd. BMO Capital Markets reduced their price objective on shares of Century Aluminum from $14.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, June 23rd. Wolfe Research cut shares of Century Aluminum from an “outperform” rating to a “peer perform” rating and dropped their target price for the stock from $30.00 to $14.00 in a research report on Wednesday, May 18th. Finally, TheStreet cut shares of Century Aluminum from a “c-” rating to a “d+” rating in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.67.

Century Aluminum Stock Performance

Shares of Century Aluminum stock opened at $7.86 on Friday. Century Aluminum has a 12 month low of $6.58 and a 12 month high of $30.36. The firm has a market capitalization of $717.08 million, a P/E ratio of -39.30 and a beta of 2.56. The company has a current ratio of 1.27, a quick ratio of 0.53 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $16.43.

Century Aluminum Profile

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Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.