Century Aluminum Company (NASDAQ:CENX) Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 21.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 359,867 shares of the industrial products company’s stock after purchasing an additional 63,086 shares during the period. New York State Common Retirement Fund owned about 0.39% of Century Aluminum worth $6,679,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CENX. Cambridge Investment Research Advisors Inc. raised its stake in Century Aluminum by 60.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company’s stock worth $773,000 after acquiring an additional 15,683 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Century Aluminum by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company’s stock worth $9,824,000 after acquiring an additional 51,770 shares during the period. GAMMA Investing LLC raised its stake in Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 628 shares during the period. Teacher Retirement System of Texas raised its stake in Century Aluminum by 130.4% during the first quarter. Teacher Retirement System of Texas now owns 33,414 shares of the industrial products company’s stock worth $620,000 after acquiring an additional 18,909 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of Century Aluminum by 3.4% in the first quarter. New York State Teachers Retirement System now owns 94,135 shares of the industrial products company’s stock valued at $1,747,000 after purchasing an additional 3,067 shares during the period. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Trading Up 1.1%

Shares of NASDAQ:CENX opened at $20.32 on Monday. The company has a 50 day moving average price of $18.06 and a 200 day moving average price of $18.17. Century Aluminum Company has a 1-year low of $11.40 and a 1-year high of $25.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.22 and a beta of 2.55.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The company had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. On average, research analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Friday.

Century Aluminum Profile

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.