Texas Permanent School Fund Corp Decreases Holdings in Century Aluminum Company $CENX

Texas Permanent School Fund Corp trimmed its position in Century Aluminum Company (NASDAQ:CENX) by 47.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,809 shares of the industrial products company’s stock after selling 110,320 shares during the period. Texas Permanent School Fund Corp owned approximately 0.13% of Century Aluminum worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in shares of Century Aluminum by 1,291.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 1,266 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in Century Aluminum by 253.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,306 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Century Aluminum by 12.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 506 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Century Aluminum during the second quarter worth about $124,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Agust F. Hafberg sold 9,493 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $27.91, for a total value of $264,949.63. Following the sale, the senior vice president owned 55,260 shares in the company, valued at $1,542,306.60. This represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CENX has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. Zacks Research upgraded shares of Century Aluminum from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Wells Fargo & Company lifted their price objective on shares of Century Aluminum from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. B. Riley boosted their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Finally, BMO Capital Markets raised their target price on Century Aluminum from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Century Aluminum Stock Up 7.1%

CENX stock opened at $36.21 on Monday. The company has a market capitalization of $3.38 billion, a P/E ratio of 42.60 and a beta of 2.28. Century Aluminum Company has a 12 month low of $13.05 and a 12 month high of $37.05. The firm’s fifty day simple moving average is $30.32 and its 200-day simple moving average is $25.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.71 and a quick ratio of 0.79.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, November 6th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.23). Century Aluminum had a return on equity of 12.83% and a net margin of 3.47%.The business had revenue of $632.20 million for the quarter, compared to analysts’ expectations of $629.85 million. During the same period last year, the business earned $0.63 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current year.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.