Century Aluminum (NASDAQ:CENX) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a research note issued to investors on Thursday.

CENX has been the topic of a number of other reports. B. Riley reduced their target price on shares of Century Aluminum from $24.00 to $22.00 and set a buy rating on the stock in a research report on Friday, August 9th. BMO Capital Markets dropped their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a market perform rating for the company in a research report on Friday, August 9th.

Century Aluminum Trading Up 5.0 %

CENX stock opened at $17.31 on Thursday. The business has a fifty day moving average price of $14.36 and a 200 day moving average price of $16.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $21.37. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 8.32 and a beta of 2.48.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $560.80 million during the quarter, compared to analyst estimates of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. Analysts expect that Century Aluminum will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Several institutional investors have recently modified their holdings of the business. Covestor Ltd grew its stake in shares of Century Aluminum by 13,746.2% during the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,787 shares during the period. GAMMA Investing LLC increased its stake in shares of Century Aluminum by 199.8% in the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 1,918 shares during the last quarter. Quest Partners LLC raised its position in shares of Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 1,385 shares during the period. Russell Investments Group Ltd. boosted its stake in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 6,924 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Century Aluminum during the first quarter valued at approximately $161,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.