Victory Capital Management Inc. Takes Position in Century Aluminum Company (NASDAQ:CENX)

Victory Capital Management Inc. purchased a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,737 shares of the industrial products company's stock, valued at approximately $1,146,000. Victory Capital Management Inc. owned 0.07% of Century Aluminum at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CENX. Teacher Retirement System of Texas purchased a new position in shares of Century Aluminum in the 4th quarter valued at about $264,000. Sei Investments Co. purchased a new stake in shares of Century Aluminum in the 4th quarter valued at approximately $372,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Century Aluminum in the 4th quarter valued at $199,000. Norges Bank purchased a new stake in shares of Century Aluminum during the 4th quarter worth $2,227,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Century Aluminum during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 61.59% of the company's stock.

Century Aluminum Stock Down 3.4%

Shares of NASDAQ CENX traded down $0.71 during mid-day trading on Friday, reaching $20.47. The company had a trading volume of 1,639,849 shares, compared to its average volume of 1,572,251. The firm has a 50 day simple moving average of $19.20 and a two-hundred day simple moving average of $18.37. Century Aluminum Company has a 52-week low of $11.40 and a 52-week high of $25.39. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.91 billion, a P/E ratio of 17.35 and a beta of 2.53.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

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

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.