Century Aluminum Company $CENX Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in Century Aluminum Company (NASDAQ:CENX) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,181 shares of the industrial products company’s stock after selling 2,365 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Century Aluminum were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Century Aluminum by 13.1% in the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 628 shares during the period. Wellington Management Group LLP boosted its stake in Century Aluminum by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company’s stock worth $7,499,000 after purchasing an additional 2,358 shares during the period. Park Avenue Securities LLC boosted its stake in Century Aluminum by 12.9% in the 1st quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 2,381 shares during the period. Dark Forest Capital Management LP boosted its stake in Century Aluminum by 19.5% in the 4th quarter. Dark Forest Capital Management LP now owns 14,899 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 2,430 shares during the period. Finally, Barclays PLC boosted its stake in Century Aluminum by 2.6% in the 4th quarter. Barclays PLC now owns 99,918 shares of the industrial products company’s stock worth $1,820,000 after purchasing an additional 2,522 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Insider Buying and Selling

In related news, SVP Matt Aboud sold 12,027 shares of Century Aluminum stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total value of $279,868.29. Following the transaction, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. This trade represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by company insiders.

Century Aluminum Stock Down 4.1%

CENX stock opened at $22.31 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a 1 year low of $11.63 and a 1 year high of $25.39. The company has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $18.62. The firm has a market cap of $2.08 billion, a PE ratio of 19.23 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.39). The firm had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%. Sell-side analysts anticipate that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CENX shares. B. Riley raised their price objective on shares of Century Aluminum from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th.

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.