New York State Common Retirement Fund Sells 29,310 Shares of Century Aluminum (NASDAQ:CENX)

New York State Common Retirement Fund cut its stake in shares of Century Aluminum (NASDAQ:CENX) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,781 shares of the industrial products company’s stock after selling 29,310 shares during the quarter. New York State Common Retirement Fund’s holdings in Century Aluminum were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CENX. Principal Financial Group Inc. increased its stake in shares of Century Aluminum by 5.9% in the fourth quarter. Principal Financial Group Inc. now owns 319,702 shares of the industrial products company’s stock valued at $5,825,000 after buying an additional 17,710 shares during the period. Congress Asset Management Co. boosted its position in shares of Century Aluminum by 7.0% during the 4th quarter. Congress Asset Management Co. now owns 218,525 shares of the industrial products company’s stock valued at $3,982,000 after purchasing an additional 14,223 shares in the last quarter. Empowered Funds LLC grew its position in shares of Century Aluminum by 5.1% during the 4th quarter. Empowered Funds LLC now owns 58,117 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 2,801 shares during the period. Advisors Preferred LLC bought a new position in shares of Century Aluminum during the 4th quarter worth about $683,000. Finally, Nisa Investment Advisors LLC grew its stake in Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 2,000 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CENX. Wolfe Research raised shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research report on Tuesday, December 3rd. BMO Capital Markets upgraded 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 report on Monday. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday. Finally, B. Riley lifted their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the transaction, the chief executive officer now owns 50,753 shares in the company, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Century Aluminum Stock Down 0.1 %

Shares of NASDAQ CENX opened at $19.37 on Friday. The business has a 50-day moving average of $19.29 and a 200-day moving average of $18.23. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 6.13 and a beta of 2.50. Century Aluminum has a 12 month low of $10.02 and a 12 month high of $25.39. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. During the same quarter in the prior year, the company earned $0.39 EPS. Sell-side analysts expect that Century Aluminum will post 2.76 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.