Teacher Retirement System of Texas Makes New $264,000 Investment in Century Aluminum (NASDAQ:CENX)

Teacher Retirement System of Texas purchased a new position in shares of Century Aluminum (NASDAQ:CENX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,505 shares of the industrial products company's stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC raised its stake in Century Aluminum by 2,889.3% during the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after acquiring an additional 2,427 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Century Aluminum during the 4th quarter worth approximately $54,000. Nisa Investment Advisors LLC boosted its position in Century Aluminum by 159.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock valued at $59,000 after buying an additional 2,000 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Century Aluminum during the third quarter worth $189,000. Finally, Inceptionr LLC acquired a new position in shares of Century Aluminum during the fourth quarter worth $207,000. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Trading Down 14.1 %

NASDAQ:CENX traded down $2.47 during trading hours on Friday, hitting $14.99. 4,274,909 shares of the company were exchanged, compared to its average volume of 1,378,897. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 4.74 and a beta of 2.56. Century Aluminum has a one year low of $11.40 and a one year high of $25.39. The company has a fifty day simple moving average of $19.01 and a 200 day simple moving average of $19.18. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

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Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same period in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Insider Transactions at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the completion of the sale, the chief accounting officer now owns 64,083 shares of the company's stock, valued at $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a report on Monday, March 24th. BMO Capital Markets upgraded Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Monday, February 24th.

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.