Virginia Retirement Systems ET AL Invests $213,000 in Century Aluminum Co. (CENX)
Virginia Retirement Systems ET AL bought a new position in Century Aluminum Co. (NASDAQ:CENX) during the second quarter, Holdings Channel reports. The firm bought 33,600 shares of the company’s stock, valued at approximately $213,000.
Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Century Aluminum by 167.0% in the second quarter. Victory Capital Management Inc. now owns 2,213,619 shares of the company’s stock valued at $14,012,000 after buying an additional 1,384,667 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Century Aluminum during the second quarter valued at approximately $6,715,000. Teachers Advisors Inc. increased its stake in shares of Century Aluminum by 874.9% in the first quarter. Teachers Advisors Inc. now owns 1,178,312 shares of the company’s stock valued at $8,307,000 after buying an additional 1,057,444 shares in the last quarter. ING Groep NV increased its stake in shares of Century Aluminum by 82.9% in the second quarter. ING Groep NV now owns 1,253,628 shares of the company’s stock valued at $7,948,000 after buying an additional 568,145 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Century Aluminum by 53.3% in the first quarter. Franklin Resources Inc. now owns 843,000 shares of the company’s stock valued at $5,943,000 after buying an additional 293,000 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Century Aluminum Co. (NASDAQ:CENX) opened at 7.46 on Wednesday. Century Aluminum Co. has a one year low of $2.63 and a one year high of $9.40. The firm’s 50-day moving average price is $6.55 and its 200 day moving average price is $6.95. The company’s market capitalization is $649.58 million.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. Century Aluminum had a negative return on equity of 11.96% and a negative net margin of 8.41%. The company earned $326.75 million during the quarter, compared to the consensus estimate of $338.22 million. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue was down 37.6% compared to the same quarter last year. Analysts anticipate that Century Aluminum Co. will post ($0.32) earnings per share for the current year.
A number of research firms recently issued reports on CENX. Zacks Investment Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, July 11th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Century Aluminum in a report on Friday, July 29th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Century Aluminum has an average rating of “Hold” and an average target price of $6.85.
About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
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