MetLife Investment Management LLC Raises Stock Holdings in Century Aluminum (NASDAQ:CENX)

MetLife Investment Management LLC lifted its holdings in shares of Century Aluminum (NASDAQ:CENX – Get Rating) by 22.0% in the third quarter, HoldingsChannel.com reports. The fund owned 27,830 shares of the industrial products company’s stock after acquiring an additional 5,014 shares during the period. MetLife Investment Management LLC’s holdings in Century Aluminum were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. purchased a new stake in shares of Century Aluminum during the third quarter valued at approximately $140,000. ExodusPoint Capital Management LP bought a new position in Century Aluminum during the third quarter valued at $188,000. Tower Research Capital LLC TRC grew its holdings in Century Aluminum by 80.9% during the third quarter. Tower Research Capital LLC TRC now owns 43,070 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 19,259 shares during the period. UBS Group AG grew its holdings in Century Aluminum by 136.7% during the third quarter. UBS Group AG now owns 14,207 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 52,968 shares during the period. Finally, Congress Asset Management Co. MA grew its holdings in Century Aluminum by 1.1% during the third quarter. Congress Asset Management Co. MA now owns 187,026 shares of the industrial products company’s stock valued at $987,000 after purchasing an additional 2,089 shares during the period. 55.18% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Price Performance

Century Aluminum stock opened at $12.90 on Monday. Century Aluminum has a one year low of $5.27 and a one year high of $30.36. The business has a fifty day moving average price of $10.27 and a 200-day moving average price of $8.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.65 and a quick ratio of 0.68. The firm has a market capitalization of $1.19 billion, a P/E ratio of -47.78 and a beta of 2.72.

Analyst Ratings Changes

CENX has been the subject of several research reports. Wolfe Research raised Century Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, February 24th. TheStreet lowered Century Aluminum from a “c” rating to a “d+” rating in a report on Thursday, February 23rd. B. Riley lowered Century Aluminum from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a report on Wednesday, March 1st. They noted that the move was a valuation call. Finally, StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, Century Aluminum has an average rating of “Hold” and a consensus price target of $8.33.

Century Aluminum Profile

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Century Aluminum Co is a producer of aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. Its products include standard ingots, T-ingot, extrusion billet, horizontal direct chill ingot, molten, slab, and sow. The company was founded in 1995 and is headquartered in Chicago, IL.