Teachers Retirement System of The State of Kentucky Grows Position in Century Aluminum Company $CENX

Teachers Retirement System of The State of Kentucky boosted its position in Century Aluminum Company (NASDAQ:CENX) by 102.8% during the 1st quarter, Holdings Channel reports. The fund owned 26,898 shares of the industrial products company’s stock after acquiring an additional 13,633 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Century Aluminum were worth $1,579,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CENX. Glencore plc increased its position in shares of Century Aluminum by 33.6% in the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after purchasing an additional 13,454,538 shares during the last quarter. Sourcerock Group LLC lifted its position in shares of Century Aluminum by 612.0% during the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after purchasing an additional 1,224,088 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 18.7% during the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after purchasing an additional 1,094,257 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Century Aluminum by 109.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after purchasing an additional 957,571 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Century Aluminum during the second quarter worth $9,399,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Price Performance

Shares of NASDAQ:CENX opened at $43.94 on Thursday. The company’s fifty day moving average price is $55.41 and its 200 day moving average price is $53.75. Century Aluminum Company has a 12 month low of $19.10 and a 12 month high of $70.43. 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 firm has a market capitalization of $4.35 billion, a P/E ratio of 13.12 and a beta of 1.96.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company raised their price target on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. B. Riley Financial lowered their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings downgraded Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Zacks Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.