New York State Common Retirement Fund Boosts Stock Position in Century Aluminum Company (NASDAQ:CENX)

New York State Common Retirement Fund grew its stake in Century Aluminum Company (NASDAQ:CENX - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,867 shares of the industrial products company's stock after purchasing an additional 63,086 shares during the period. New York State Common Retirement Fund owned about 0.39% of Century Aluminum worth $6,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CENX. Glencore plc purchased a new position in Century Aluminum during the fourth quarter worth approximately $729,427,000. Dimensional Fund Advisors LP lifted its position in shares of Century Aluminum by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock valued at $53,531,000 after buying an additional 28,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Century Aluminum by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock valued at $37,665,000 after acquiring an additional 111,203 shares during the period. Yaupon Capital Management LP increased its holdings in Century Aluminum by 76.3% in the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock worth $10,346,000 after acquiring an additional 245,813 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Century Aluminum by 5.8% in the 4th quarter. Northern Trust Corp now owns 540,448 shares of the industrial products company's stock worth $9,847,000 after acquiring an additional 29,400 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Price Performance

Shares of NASDAQ CENX traded up $0.04 during midday trading on Thursday, hitting $22.82. The stock had a trading volume of 2,145,108 shares, compared to its average volume of 1,458,749. The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $18.50 and a 200-day simple moving average of $18.29. The company has a market capitalization of $2.13 billion, a PE ratio of 19.34 and a beta of 2.55. Century Aluminum Company has a 1 year low of $11.40 and a 1 year high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. The firm had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. On average, sell-side analysts expect that Century Aluminum Company will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Friday, July 18th.

About Century Aluminum

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.