Century Aluminum (NASDAQ:CENX) Rating Increased to Buy at Wall Street Zen

Key Points

• Century Aluminum's stock rating was upgraded from "hold" to "buy" by Wall Street Zen in a recent research report.
• The company reported $0.28 EPS for the last quarter, missing analysts' expectations of $0.53.
• Hedge funds and institutional investors own 61.59% of Century Aluminum's stock, indicating significant investor interest in the company.

Century Aluminum (NASDAQ:CENX - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Century Aluminum Stock Performance

Shares of CENX stock opened at $22.90 on Friday. The company has a market capitalization of $2.14 billion, a P/E ratio of 19.41 and a beta of 2.55. The business's 50 day moving average is $18.63 and its two-hundred day moving average is $18.32. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). The business had revenue of $633.90 million for the quarter, compared to analysts' expectations of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. Analysts expect that Century Aluminum will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Century Aluminum in the first quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its stake in Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company's stock worth $25,000 after acquiring an additional 1,266 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Century Aluminum during the fourth quarter worth $39,000. Caitong International Asset Management Co. Ltd increased its stake in Century Aluminum by 261.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after acquiring an additional 2,909 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Century Aluminum by 13.1% in the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock valued at $101,000 after buying an additional 628 shares in the last quarter. 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.

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