New York State Common Retirement Fund Buys 63,086 Shares of Century Aluminum Company (NASDAQ:CENX)

New York State Common Retirement Fund increased its position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 359,867 shares of the industrial products company's stock after purchasing an additional 63,086 shares during the quarter. New York State Common Retirement Fund owned 0.39% of Century Aluminum worth $6,679,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Century Aluminum by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 539,161 shares of the industrial products company's stock valued at $9,824,000 after purchasing an additional 51,770 shares during the period. Natixis Advisors LLC purchased a new stake in shares of Century Aluminum in the fourth quarter valued at $313,000. Teacher Retirement System of Texas purchased a new stake in shares of Century Aluminum in the fourth quarter valued at $264,000. Sei Investments Co. purchased a new stake in shares of Century Aluminum in the fourth quarter valued at $372,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Century Aluminum in the fourth quarter valued at $199,000. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Price Performance

CENX traded up $0.33 during midday trading on Tuesday, reaching $22.53. 2,539,284 shares of the company's stock were exchanged, compared to its average volume of 1,433,851. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.09 and a beta of 2.55. The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. Century Aluminum Company has a one year low of $11.40 and a one year high of $25.39. The business has a 50-day simple moving average of $18.06 and a two-hundred day simple moving average of $18.17.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). The firm had revenue of $633.90 million during the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. As a group, research analysts predict that Century Aluminum Company will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Century Aluminum from a "buy" rating to a "hold" rating in a research report on Friday.

Century Aluminum Company 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.