Century Aluminum (NASDAQ:CENX) Trading 5.4% Higher

Century Aluminum (NASDAQ:CENX) shares shot up 5.4% during trading on Monday . The company traded as high as $17.74 and last traded at $17.71. 138,587 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,454,657 shares. The stock had previously closed at $16.81.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CENX. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th. Finally, BMO Capital Markets boosted their price objective on shares of Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd.

Century Aluminum Price Performance

The firm has a 50-day moving average of $14.83 and a 200-day moving average of $11.35. The stock has a market cap of $1.56 billion, a PE ratio of 7.73 and a beta of 2.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 0.63.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. The business had revenue of $512.30 million during the quarter, compared to analyst estimates of $514.40 million. Research analysts predict that Century Aluminum will post 3.1 EPS for the current year.

Institutional Trading of Century Aluminum

Several hedge funds have recently bought and sold shares of CENX. Dimensional Fund Advisors LP raised its stake in Century Aluminum by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock valued at $39,380,000 after purchasing an additional 42,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Century Aluminum by 9.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,395,589 shares of the industrial products company’s stock valued at $10,034,000 after purchasing an additional 118,234 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Century Aluminum by 9.6% in the fourth quarter. First Eagle Investment Management LLC now owns 867,514 shares of the industrial products company’s stock worth $10,532,000 after buying an additional 76,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Century Aluminum by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 850,179 shares of the industrial products company’s stock worth $10,321,000 after buying an additional 48,631 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Century Aluminum by 255.6% in the third quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 252,095 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Company 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.