California State Teachers Retirement System Has $944,000 Holdings in Century Aluminum (NASDAQ:CENX)

California State Teachers Retirement System decreased its position in Century Aluminum (NASDAQ:CENX) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,797 shares of the industrial products company’s stock after selling 586 shares during the period. California State Teachers Retirement System owned approximately 0.06% of Century Aluminum worth $944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its stake in Century Aluminum by 5.1% in the fourth quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 2,801 shares in the last quarter. Congress Asset Management Co. grew its position in Century Aluminum by 7.0% in the 4th quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company’s stock worth $3,982,000 after purchasing an additional 14,223 shares in the last quarter. Principal Financial Group Inc. grew its position in Century Aluminum by 5.9% in the 4th quarter. Principal Financial Group Inc. now owns 319,702 shares of the industrial products company’s stock worth $5,825,000 after purchasing an additional 17,710 shares in the last quarter. Bank of New York Mellon Corp grew its position in Century Aluminum by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 347,045 shares of the industrial products company’s stock worth $6,323,000 after purchasing an additional 19,129 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Century Aluminum by 63.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 44,111 shares of the industrial products company’s stock worth $804,000 after purchasing an additional 17,134 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Analysts Set New Price Targets

CENX has been the subject of a number of recent analyst reports. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Monday, February 24th. Wall Street Zen raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, May 9th.

Century Aluminum Stock Down 0.7%

CENX opened at $19.98 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 6.32 and a beta of 2.54. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The company’s 50-day moving average price is $16.51 and its two-hundred day moving average price is $18.60.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The company had revenue of $633.90 million during the quarter, compared to analysts’ expectations of $643.80 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. As a group, equities analysts expect that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Buying and Selling at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the sale, the chief accounting officer now directly owns 64,083 shares in the company, valued at approximately $1,281,019.17. This represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

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.