Illinois Municipal Retirement Fund Lowers Holdings in Century Aluminum Company (NASDAQ:CENX)

Illinois Municipal Retirement Fund trimmed its position in Century Aluminum Company (NASDAQ:CENX) by 12.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 25,848 shares of the industrial products company’s stock after selling 3,547 shares during the period. Illinois Municipal Retirement Fund’s holdings in Century Aluminum were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in Century Aluminum in the 4th quarter valued at $39,000. AlphaQuest LLC grew its position in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after buying an additional 2,427 shares during the last quarter. GAMMA Investing LLC grew its position 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 valued at $101,000 after buying an additional 628 shares during the last quarter. Corton Capital Inc. purchased a new position in Century Aluminum in the 4th quarter valued at $189,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Century Aluminum in the 4th quarter valued at $199,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $19.08 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of 16.17 and a beta of 2.55. Century Aluminum Company has a one year low of $11.40 and a one year high of $25.39. The company’s fifty day moving average is $17.38 and its two-hundred day moving average is $18.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, May 9th.

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.