Teacher Retirement System of Texas Purchases New Holdings in Century Aluminum (NASDAQ:CENX)

Teacher Retirement System of Texas purchased a new position in shares of Century Aluminum (NASDAQ:CENX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,505 shares of the industrial products company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountaineer Partners Management LLC raised its stake in shares of Century Aluminum by 1,607.1% during the 3rd quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock worth $370,841,000 after purchasing an additional 21,510,639 shares during the period. JPMorgan Chase & Co. increased its holdings in Century Aluminum by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock worth $15,565,000 after buying an additional 319,164 shares during the last quarter. Yaupon Capital Management LP raised its position in Century Aluminum by 401.5% in the third quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock worth $5,226,000 after acquiring an additional 257,812 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Century Aluminum in the third quarter valued at about $4,163,000. Finally, Edgestream Partners L.P. bought a new position in shares of Century Aluminum during the 3rd quarter valued at approximately $2,160,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CENX shares. BMO Capital Markets raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Monday, February 24th. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Tuesday, December 3rd.

Century Aluminum Stock Down 0.9 %

Century Aluminum stock opened at $18.40 on Wednesday. The firm has a 50 day simple moving average of $19.17 and a 200 day simple moving average of $19.12. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a 1-year low of $11.40 and a 1-year high of $25.39. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 5.82 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same period in the previous year, the business earned $0.39 earnings per share. On average, analysts predict that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Activity

In related news, CAO Robert F. Hoffman sold 2,500 shares of Century Aluminum stock in a transaction on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the sale, the chief accounting officer now owns 64,083 shares of the company’s stock, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Century Aluminum Profile

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.