Illinois Municipal Retirement Fund Buys 2,680 Shares of Century Aluminum (NASDAQ:CENX)

Illinois Municipal Retirement Fund grew its stake in shares of Century Aluminum (NASDAQ:CENX) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,530 shares of the industrial products company’s stock after acquiring an additional 2,680 shares during the period. Illinois Municipal Retirement Fund’s holdings in Century Aluminum were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in Century Aluminum by 35.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after buying an additional 2,405 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Century Aluminum by 34.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock worth $81,000 after buying an additional 2,899 shares in the last quarter. New York State Teachers Retirement System raised its stake in Century Aluminum by 3.6% in the fourth quarter. New York State Teachers Retirement System now owns 102,005 shares of the industrial products company’s stock worth $1,238,000 after buying an additional 3,500 shares in the last quarter. Allworth Financial LP bought a new position in Century Aluminum in the fourth quarter worth approximately $68,000. Finally, Strs Ohio raised its stake in Century Aluminum by 625.0% in the third quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $62,000 after buying an additional 7,500 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $10.00 to $14.00 in a report on Tuesday, January 9th.

Century Aluminum Price Performance

NASDAQ CENX opened at $16.01 on Thursday. The firm’s fifty day simple moving average is $14.17 and its two-hundred day simple moving average is $10.99. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $18.64. The firm has a market capitalization of $1.48 billion, a P/E ratio of -32.02 and a beta of 2.71.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. The firm had revenue of $512.30 million for the quarter, compared to analyst estimates of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. Analysts forecast that Century Aluminum will post -0.16 EPS for the current fiscal year.

Century Aluminum 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.