Louisiana State Employees Retirement System Takes Position in Century Aluminum Company $CENX

Louisiana State Employees Retirement System acquired a new stake in shares of Century Aluminum Company (NASDAQ:CENX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 23,600 shares of the industrial products company’s stock, valued at approximately $1,385,000.

Several other hedge funds also recently made changes to their positions in CENX. Lido Advisors LLC grew its stake in Century Aluminum by 1.5% in the fourth quarter. Lido Advisors LLC now owns 12,911 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 196 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Century Aluminum by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock valued at $402,000 after buying an additional 308 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Century Aluminum by 48.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after buying an additional 386 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Century Aluminum by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 30,604 shares of the industrial products company’s stock worth $1,198,000 after acquiring an additional 441 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Century Aluminum by 0.8% in the 3rd quarter. Algert Global LLC now owns 53,943 shares of the industrial products company’s stock worth $1,584,000 after acquiring an additional 450 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Stock Performance

Shares of CENX stock opened at $43.76 on Friday. Century Aluminum Company has a one year low of $18.00 and a one year high of $70.43. The company’s 50-day moving average is $58.26 and its 200 day moving average is $53.15. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 13.06 and a beta of 1.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CENX shares. B. Riley Financial boosted their price objective on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Zacks Research downgraded shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings cut Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen upgraded Century Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Wells Fargo & Company raised their price objective on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

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.