Teacher Retirement System of Texas Has $620,000 Stock Holdings in Century Aluminum Company (NASDAQ:CENX)

Teacher Retirement System of Texas increased its position in Century Aluminum Company (NASDAQ:CENX) by 130.4% in the first quarter, Holdings Channel.com reports. The firm owned 33,414 shares of the industrial products company’s stock after acquiring an additional 18,909 shares during the period. Teacher Retirement System of Texas’ holdings in Century Aluminum were worth $620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in shares of Century Aluminum in the 4th quarter valued at about $39,000. AlphaQuest LLC boosted its stake in Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 2,427 shares during the last quarter. GAMMA Investing LLC boosted its stake in Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 628 shares during the last quarter. Corton Capital Inc. acquired a new stake in Century Aluminum during the 4th quarter worth $189,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Century Aluminum during the 4th quarter valued at $199,000. 61.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th.

Century Aluminum Stock Performance

Shares of CENX stock opened at $20.02 on Wednesday. The stock has a 50-day moving average of $17.80 and a 200-day moving average of $18.13. Century Aluminum Company has a one year low of $11.40 and a one year high of $25.39. The stock has a market cap of $1.87 billion, a PE ratio of 16.97 and a beta of 2.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 0.63.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share 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 firm had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. As a group, sell-side analysts expect that Century Aluminum Company will post 2.76 earnings per share for the current year.

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.