New York State Teachers Retirement System cut its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 1.3% during the first quarter, Holdings Channel reports. The institutional investor owned 147,305 shares of the industrial products company’s stock after selling 1,900 shares during the period. New York State Teachers Retirement System’s holdings in Century Aluminum were worth $1,869,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. 361 Capital LLC purchased a new stake in Century Aluminum during the first quarter valued at about $162,000. Great West Life Assurance Co. Can increased its stake in Century Aluminum by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 65,322 shares of the industrial products company’s stock valued at $828,000 after buying an additional 3,475 shares in the last quarter. Horseman Capital Management Ltd purchased a new stake in Century Aluminum during the first quarter valued at about $9,965,000. Acadian Asset Management LLC purchased a new stake in Century Aluminum during the first quarter valued at about $2,389,000. Finally, Louisiana State Employees Retirement System increased its stake in Century Aluminum by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock valued at $258,000 after buying an additional 300 shares in the last quarter. 66.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Century Aluminum Company (CENX) opened at 17.60 on Wednesday. Century Aluminum Company has a 52-week low of $5.53 and a 52-week high of $17.83. The company has a 50 day moving average price of $15.56 and a 200-day moving average price of $13.85. The firm’s market cap is $1.54 billion.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. Century Aluminum had a negative net margin of 18.40% and a negative return on equity of 5.85%. The business had revenue of $365.80 million for the quarter, compared to analysts’ expectations of $364.33 million. During the same quarter last year, the firm earned ($0.23) EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Century Aluminum Company will post $0.83 earnings per share for the current fiscal year.
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Several research firms have issued reports on CENX. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BMO Capital Markets reissued a “hold” rating and issued a $14.00 price target on shares of Century Aluminum in a research note on Sunday, July 2nd. Cowen and Company lifted their price target on Century Aluminum from $11.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Finally, Deutsche Bank AG raised Century Aluminum from a “sell” rating to a “hold” rating and lifted their price target for the company from $10.00 to $15.00 in a research note on Friday, June 23rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Century Aluminum has a consensus rating of “Hold” and an average price target of $14.40.
In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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