Texas Permanent School Fund cut its position in Century Aluminum Company (NASDAQ:CENX) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,008 shares of the industrial products company’s stock after selling 192 shares during the period. Texas Permanent School Fund’s holdings in Century Aluminum Company were worth $457,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of Century Aluminum Company during the fourth quarter worth approximately $303,000. Numeric Investors LLC acquired a new stake in shares of Century Aluminum Company during the fourth quarter worth approximately $122,000. Thrivent Financial for Lutherans raised its stake in shares of Century Aluminum Company by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,310 shares of the industrial products company’s stock worth $225,000 after buying an additional 710 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Century Aluminum Company by 347.1% in the fourth quarter. AQR Capital Management LLC now owns 63,414 shares of the industrial products company’s stock worth $543,000 after buying an additional 49,231 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Century Aluminum Company by 510.2% in the fourth quarter. Two Sigma Investments LP now owns 231,171 shares of the industrial products company’s stock worth $1,979,000 after buying an additional 193,285 shares in the last quarter. 66.59% of the stock is currently owned by institutional investors and hedge funds.
Century Aluminum Company (CENX) opened at 14.42 on Tuesday. The company’s 50-day moving average is $14.36 and its 200-day moving average is $12.89. The firm’s market capitalization is $1.26 billion. Century Aluminum Company has a one year low of $5.53 and a one year high of $17.28.
Century Aluminum Company (NASDAQ:CENX) last issued its quarterly earnings data on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.10. Century Aluminum Company had a negative return on equity of 5.85% and a negative net margin of 18.40%. The business had revenue of $365.80 million for the quarter, compared to analysts’ expectations of $364.33 million. During the same period last year, the business earned ($0.23) EPS. The business’s revenue was up 14.7% on a year-over-year basis. Equities analysts forecast that Century Aluminum Company will post $0.75 earnings per share for the current fiscal year.
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A number of analysts have recently commented on the stock. BidaskClub raised shares of Century Aluminum Company from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Century Aluminum Company from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, June 14th. Cowen and Company boosted their target price on shares of Century Aluminum Company from $11.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. TheStreet upgraded shares of Century Aluminum Company from a “d+” rating to a “c” rating in a report on Monday, February 27th. Finally, Deutsche Bank AG downgraded shares of Century Aluminum Company from a “hold” rating to a “sell” rating and boosted their target price for the stock from $9.00 to $10.00 in a report on Tuesday, February 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.00.
In other Century Aluminum Company news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total transaction of $410,955.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.
Century Aluminum Company 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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