Public Employees Retirement System of Ohio Decreases Position in Century Aluminum Company (CENX)
Public Employees Retirement System of Ohio decreased its stake in shares of Century Aluminum Company (NASDAQ:CENX) by 73.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,411 shares of the industrial products company’s stock after selling 51,964 shares during the period. Public Employees Retirement System of Ohio’s holdings in Century Aluminum were worth $234,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Century Aluminum by 4,279.7% in the first quarter. JPMorgan Chase & Co. now owns 1,610,095 shares of the industrial products company’s stock valued at $20,432,000 after buying an additional 1,573,332 shares in the last quarter. Impala Asset Management LLC raised its position in shares of Century Aluminum by 143.5% in the first quarter. Impala Asset Management LLC now owns 1,714,144 shares of the industrial products company’s stock valued at $21,752,000 after buying an additional 1,010,144 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Century Aluminum during the first quarter valued at about $12,317,000. Horseman Capital Management Ltd purchased a new position in shares of Century Aluminum during the first quarter valued at about $9,965,000. Finally, State Street Corp raised its position in shares of Century Aluminum by 19.9% in the first quarter. State Street Corp now owns 4,491,650 shares of the industrial products company’s stock valued at $56,998,000 after buying an additional 744,622 shares in the last quarter. Hedge funds and other institutional investors own 65.17% of the company’s stock.
Century Aluminum Company (NASDAQ:CENX) traded down 0.42% during midday trading on Wednesday, reaching $14.06. The company’s stock had a trading volume of 1,163,270 shares. Century Aluminum Company has a 52 week low of $5.53 and a 52 week high of $19.08. The firm’s market cap is $1.23 billion. The firm has a 50 day moving average price of $16.16 and a 200-day moving average price of $14.43.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.28. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The company had revenue of $388.80 million during the quarter, compared to analyst estimates of $398.33 million. During the same quarter in the prior year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts forecast that Century Aluminum Company will post $0.44 earnings per share for the current fiscal year.
CENX has been the topic of several research reports. Cowen and Company boosted their price target on Century Aluminum from $11.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Deutsche Bank AG raised Century Aluminum from a “sell” rating to a “hold” rating and lifted their price objective for the company from $10.00 to $15.00 in a report on Friday, June 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a report on Sunday, July 2nd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 18th. Finally, BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.20.
In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total value of $410,955.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.
Century Aluminum Company Profile
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. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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