Century Aluminum Company $CENX Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Century Aluminum Company (NASDAQ:CENX) by 102.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,898 shares of the industrial products company’s stock after buying an additional 13,633 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Century Aluminum were worth $1,579,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CENX. Fifth Third Bancorp boosted its stake in Century Aluminum by 6,620.8% during the first quarter. Fifth Third Bancorp now owns 14,248 shares of the industrial products company’s stock worth $836,000 after buying an additional 14,036 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Century Aluminum in the 1st quarter valued at approximately $337,000. Hsbc Holdings PLC raised its stake in shares of Century Aluminum by 23.6% in the 1st quarter. Hsbc Holdings PLC now owns 14,499 shares of the industrial products company’s stock valued at $860,000 after acquiring an additional 2,767 shares during the period. Summit Securities Group LLC acquired a new position in shares of Century Aluminum in the 1st quarter worth approximately $42,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Century Aluminum in the 1st quarter worth approximately $249,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Price Performance

Century Aluminum stock opened at $43.94 on Thursday. The firm has a market cap of $4.35 billion, a PE ratio of 13.12 and a beta of 1.96. Century Aluminum Company has a 52-week low of $19.10 and a 52-week high of $70.43. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $55.41 and its two-hundred day moving average is $53.75.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CENX shares. Zacks Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wells Fargo & Company upped their price target on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. B. Riley Financial dropped their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, BMO Capital Markets set a $75.00 price objective on Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.00.

Century Aluminum Company Profile

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.