Century Aluminum (NASDAQ:CENX) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in Century Aluminum (NASDAQ:CENX) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,100 shares of the industrial products company’s stock after selling 956 shares during the period. Maryland State Retirement & Pension System’s holdings in Century Aluminum were worth $303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd lifted its position in Century Aluminum by 13,746.2% during the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,787 shares in the last quarter. GAMMA Investing LLC lifted its position in Century Aluminum by 199.8% during the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 1,918 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 6,924 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in Century Aluminum during the 1st quarter worth approximately $161,000. Finally, ProShare Advisors LLC purchased a new stake in Century Aluminum during the 1st quarter worth approximately $163,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. B. Riley dropped their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. BMO Capital Markets dropped their price objective on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

Insider Activity

In related news, CEO Jesse E. Gary sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total value of $972,600.00. Following the sale, the chief executive officer now directly owns 62,447 shares in the company, valued at approximately $1,012,265.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Century Aluminum Stock Down 0.3 %

Shares of Century Aluminum stock opened at $13.00 on Thursday. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $21.37. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 5.96 and a beta of 2.52. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $15.65 and its 200-day simple moving average is $15.44.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $560.80 million for the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. Equities research analysts forecast that Century Aluminum will post 0.07 earnings per share for the current year.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.