Century Aluminum (NASDAQ:CENX) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department reduced its position in shares of Century Aluminum (NASDAQ:CENX) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,798 shares of the industrial products company’s stock after selling 4,333 shares during the quarter. State of Tennessee Treasury Department’s holdings in Century Aluminum were worth $782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Century Aluminum by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,906 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 406 shares in the last quarter. Alpha Windward LLC lifted its position in shares of Century Aluminum by 8.8% during the 4th quarter. Alpha Windward LLC now owns 33,540 shares of the industrial products company’s stock valued at $659,000 after acquiring an additional 2,700 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Century Aluminum by 4.6% during the 4th quarter. Pinebridge Investments L.P. now owns 65,778 shares of the industrial products company’s stock valued at $1,292,000 after acquiring an additional 2,892 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Century Aluminum by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 569,231 shares of the industrial products company’s stock valued at $11,180,000 after acquiring an additional 3,120 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Century Aluminum by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,660 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 6,930 shares during the last quarter. 65.18% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently commented on the company. JPMorgan Chase upgraded Century Aluminum from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $18.00 to $14.50 in a research report on Wednesday, March 14th. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Cowen upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $30.00 in a research report on Tuesday, March 13th. TheStreet upgraded Century Aluminum from a “c” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, ValuEngine downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Century Aluminum has an average rating of “Hold” and a consensus target price of $20.10.

Shares of CENX traded down $0.23 during mid-day trading on Friday, reaching $16.79. The company’s stock had a trading volume of 3,137,117 shares, compared to its average volume of 2,789,047. The firm has a market capitalization of $1,490.31, a P/E ratio of 46.64 and a beta of 0.87. Century Aluminum has a 1 year low of $11.59 and a 1 year high of $24.77. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 0.30.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The company had revenue of $433.80 million during the quarter, compared to analyst estimates of $427.73 million. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. analysts expect that Century Aluminum will post 1.46 earnings per share for the current fiscal year.

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Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

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