Municipal Employees Retirement System of Michigan grew its position in Century Aluminum Company (NASDAQ:CENX) by 59.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,660 shares of the industrial products company’s stock after purchasing an additional 6,930 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Century Aluminum were worth $309,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CENX. Balyasny Asset Management LLC increased its holdings in Century Aluminum by 742.8% during the second quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock worth $47,173,000 after buying an additional 2,668,550 shares during the last quarter. Impala Asset Management LLC increased its holdings in Century Aluminum by 63.2% during the second quarter. Impala Asset Management LLC now owns 2,797,458 shares of the industrial products company’s stock worth $43,584,000 after buying an additional 1,083,314 shares during the last quarter. Amerigo Asset Management purchased a new stake in Century Aluminum during the third quarter worth about $13,496,000. JPMorgan Chase & Co. increased its holdings in Century Aluminum by 35.4% during the second quarter. JPMorgan Chase & Co. now owns 2,179,380 shares of the industrial products company’s stock worth $33,955,000 after buying an additional 569,285 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Century Aluminum by 448.1% during the second quarter. Teachers Advisors LLC now owns 667,670 shares of the industrial products company’s stock worth $10,402,000 after buying an additional 545,844 shares during the last quarter. Institutional investors own 68.01% of the company’s stock.

Century Aluminum Company (CENX) opened at $14.08 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27. Century Aluminum Company has a 1 year low of $8.39 and a 1 year high of $20.68.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $388.80 million for the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. Century Aluminum’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.31) EPS. sell-side analysts expect that Century Aluminum Company will post 0.39 earnings per share for the current fiscal year.

A number of research firms recently issued reports on CENX. Macquarie began coverage on shares of Century Aluminum in a report on Thursday, September 7th. They set a “neutral” rating for the company. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, October 9th. Cowen set a $17.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Finally, Deutsche Bank upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Century Aluminum has an average rating of “Hold” and a consensus price target of $17.10.

ILLEGAL ACTIVITY WARNING: “Municipal Employees Retirement System of Michigan Has $309,000 Stake in Century Aluminum Company (CENX)” was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/municipal-employees-retirement-system-of-michigan-has-309000-stake-in-century-aluminum-company-cenx/1756814.html.

Century Aluminum Profile

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Want to see what other hedge funds are holding CENX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Aluminum Company (NASDAQ:CENX).

Institutional Ownership by Quarter for Century Aluminum (NASDAQ:CENX)

Receive News & Ratings for Century Aluminum Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum Company and related companies with Analyst Ratings Network's FREE daily email newsletter.