New York State Teachers Retirement System Lowers Position in Century Aluminum Company $CENX

New York State Teachers Retirement System trimmed its position in shares of Century Aluminum Company (NASDAQ:CENX) by 29.6% during the first quarter, HoldingsChannel reports. The fund owned 57,184 shares of the industrial products company’s stock after selling 23,987 shares during the quarter. New York State Teachers Retirement System’s holdings in Century Aluminum were worth $3,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Century Aluminum in the first quarter valued at about $25,000. Private Trust Co. NA purchased a new stake in Century Aluminum in the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its position in Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 1,306 shares during the period. Advisory Services Network LLC acquired a new position in Century Aluminum during the 3rd quarter worth approximately $34,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Century Aluminum during the 4th quarter worth approximately $40,000. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $45.11 on Friday. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 13.47 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The business’s 50 day simple moving average is $56.68 and its 200-day simple moving average is $53.57. Century Aluminum Company has a 12 month low of $18.86 and a 12 month high of $70.43.

Wall Street Analyst Weigh In

CENX has been the subject of several recent analyst reports. Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the stock an “outperform” rating in a report on Thursday, April 9th. Zacks Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings downgraded Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Finally, B. Riley Financial decreased their target price on shares of Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.