Century Aluminum (NASDAQ:CENX) Shares Up 4.7% - Here's What Happened

Century Aluminum Company (NASDAQ:CENX - Get Free Report) was up 4.7% during trading on Friday . The company traded as high as $20.13 and last traded at $20.33. Approximately 310,686 shares traded hands during trading, a decline of 78% from the average daily volume of 1,423,821 shares. The stock had previously closed at $19.41.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Century Aluminum from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th.

Century Aluminum Stock Performance

The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.90 billion, a PE ratio of 17.22 and a beta of 2.55. The business's 50-day moving average price is $17.65 and its 200-day moving average price is $18.10.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CENX. Jones Financial Companies Lllp purchased a new stake in Century Aluminum in the first quarter valued at about $25,000. Farther Finance Advisors LLC increased its holdings in shares of 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 valued at $25,000 after acquiring an additional 1,266 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Century Aluminum in the 4th quarter valued at approximately $39,000. AlphaQuest LLC boosted its stake in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock worth $46,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after purchasing an additional 2,909 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

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.