Verition Fund Management LLC Trims Position in Century Aluminum (NASDAQ:CENX)

Verition Fund Management LLC lessened its stake in shares of Century Aluminum (NASDAQ:CENX – Get Rating) by 79.5% in the third quarter, Holdings Channel reports. The institutional investor owned 13,034 shares of the industrial products company’s stock after selling 50,621 shares during the quarter. Verition Fund Management LLC’s holdings in Century Aluminum were worth $69,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its holdings in Century Aluminum by 18.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 10,178 shares of the industrial products company’s stock valued at $54,000 after buying an additional 1,597 shares in the last quarter. Royce & Associates LP boosted its position in shares of Century Aluminum by 2.3% during the 3rd quarter. Royce & Associates LP now owns 465,438 shares of the industrial products company’s stock valued at $2,458,000 after acquiring an additional 10,600 shares during the last quarter. Hunter Associates Investment Management LLC bought a new stake in shares of Century Aluminum during the 2nd quarter valued at about $258,000. Louisiana State Employees Retirement System bought a new stake in shares of Century Aluminum during the 3rd quarter valued at about $129,000. Finally, SG Americas Securities LLC boosted its position in shares of Century Aluminum by 9.4% during the 2nd quarter. SG Americas Securities LLC now owns 20,232 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 1,746 shares during the last quarter. Hedge funds and other institutional investors own 55.18% of the company’s stock.

Century Aluminum Trading Down 11.0 %

NASDAQ:CENX opened at $10.08 on Friday. The company has a 50-day moving average price of $10.63 and a 200-day moving average price of $8.60. Century Aluminum has a 12 month low of $5.27 and a 12 month high of $29.85. The company has a current ratio of 1.65, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. The stock has a market cap of $930.59 million, a price-to-earnings ratio of -37.33 and a beta of 2.72.

Analyst Ratings Changes

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

About Century Aluminum

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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.