Louisiana State Employees Retirement System Buys Shares of 25,900 Century Aluminum (NASDAQ:CENX)

Louisiana State Employees Retirement System purchased a new position in shares of Century Aluminum (NASDAQ:CENX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,900 shares of the industrial products company’s stock, valued at approximately $314,000.

A number of other hedge funds also recently modified their holdings of CENX. First Eagle Investment Management LLC grew its holdings in Century Aluminum by 92.5% during the third quarter. First Eagle Investment Management LLC now owns 791,514 shares of the industrial products company’s stock valued at $5,691,000 after purchasing an additional 380,324 shares during the period. GSA Capital Partners LLP purchased a new stake in Century Aluminum in the 3rd quarter worth about $1,992,000. Assenagon Asset Management S.A. raised its stake in Century Aluminum by 255.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 252,095 shares during the period. Jump Financial LLC purchased a new stake in Century Aluminum during the third quarter valued at about $1,146,000. Finally, Dark Forest Capital Management LP boosted its position in Century Aluminum by 156.3% during the third quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock worth $1,449,000 after purchasing an additional 122,915 shares during the period. Institutional investors own 61.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and upped their price target for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th.

Century Aluminum Trading Down 7.7 %

Shares of Century Aluminum stock opened at $16.01 on Thursday. The company’s 50-day moving average price is $14.17 and its 200-day moving average price is $10.99. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -31.78 and a beta of 2.71. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $18.64. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.53. The business had revenue of $512.30 million for the quarter, compared to analysts’ expectations of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. On average, equities analysts expect that Century Aluminum will post -0.16 earnings per share for the current fiscal year.

Century Aluminum Company 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.