Lombard Odier Asset Management USA Corp Sells 51,841 Shares of Century Aluminum Company $CENX

Lombard Odier Asset Management USA Corp cut its holdings in shares of Century Aluminum Company (NASDAQ:CENX) by 67.8% in the 4th quarter, HoldingsChannel reports. The fund owned 24,659 shares of the industrial products company’s stock after selling 51,841 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Century Aluminum were worth $966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Atom Investors LP bought a new stake in shares of Century Aluminum during the fourth quarter worth about $3,267,000. State of Wisconsin Investment Board increased its position in shares of Century Aluminum by 36.2% during the fourth quarter. State of Wisconsin Investment Board now owns 173,939 shares of the industrial products company’s stock worth $6,815,000 after acquiring an additional 46,239 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Century Aluminum during the fourth quarter worth about $6,076,000. Graham Capital Management L.P. bought a new stake in shares of Century Aluminum during the fourth quarter worth about $703,000. Finally, MML Investors Services LLC bought a new stake in shares of Century Aluminum during the fourth quarter worth about $908,000. 61.59% of the stock is owned by institutional investors.

Century Aluminum Stock Down 1.8%

Century Aluminum stock opened at $53.55 on Wednesday. Century Aluminum Company has a fifty-two week low of $16.59 and a fifty-two week high of $70.43. The stock has a market cap of $5.30 billion, a PE ratio of 15.99 and a beta of 1.90. The firm’s 50-day simple moving average is $62.36 and its 200 day simple moving average is $51.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CENX shares. Zacks Research downgraded shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen upgraded shares of Century Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings upgraded shares of Century Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. B. Riley Financial boosted their price target on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, Wells Fargo & Company boosted their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Century Aluminum currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Century Aluminum Company Profile

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.