Century Aluminum (NASDAQ:CENX) Upgraded 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 released on Tuesday.

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

Century Aluminum Trading Up 2.9 %

Century Aluminum stock opened at $18.26 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. The firm’s 50 day moving average price is $15.20 and its 200-day moving average price is $16.18. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $21.37. The stock has a market cap of $1.69 billion, a P/E ratio of 8.38 and a beta of 2.48.

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

Institutional Investors Weigh In On Century Aluminum

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