Century Aluminum (NASDAQ:CENX) Trading Up 5.4%

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

Analysts Set New Price Targets

CENX has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, January 9th.

Century Aluminum Stock Down 3.9 %

The stock has a 50-day moving average of $14.83 and a 200-day moving average of $11.35. The firm has a market cap of $1.56 billion, a price-to-earnings 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 for the quarter, compared to analysts’ expectations of $514.40 million. Sell-side analysts predict that Century Aluminum will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC increased its holdings in shares of Century Aluminum by 92.5% during the third quarter. First Eagle Investment Management LLC now owns 791,514 shares of the industrial products company’s stock worth $5,691,000 after buying an additional 380,324 shares in the last quarter. GSA Capital Partners LLP bought a new position in Century Aluminum in the third quarter valued at about $1,992,000. Assenagon Asset Management S.A. boosted its stake in shares of Century Aluminum by 255.6% during 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 purchasing an additional 252,095 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Century Aluminum during the third quarter worth about $1,146,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Century Aluminum in the first quarter valued at approximately $2,058,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

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.