Century Aluminum (NASDAQ:CENX) Shares Up 4.7% - What's Next?

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

Wall Street Analyst Weigh In

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

Century Aluminum Stock Performance

The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.93 billion, a P/E ratio of 17.55 and a beta of 2.55. The stock has a fifty day simple moving average of $17.65 and a 200-day simple moving average of $18.11.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its 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 company had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Century Aluminum had a return on equity of 19.06% and a net margin of 5.17%. Equities analysts forecast that Century Aluminum Company will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CENX. Glencore plc bought a new stake in shares of Century Aluminum in the 4th quarter valued at $729,427,000. Dimensional Fund Advisors LP grew its stake in Century Aluminum by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock valued at $53,531,000 after acquiring an additional 28,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Century Aluminum by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock worth $37,665,000 after acquiring an additional 111,203 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Century Aluminum during the first quarter worth about $19,317,000. Finally, Impala Asset Management LLC lifted its holdings in shares of Century Aluminum by 33.6% during the 1st quarter. Impala Asset Management LLC now owns 932,154 shares of the industrial products company's stock valued at $17,301,000 after purchasing an additional 234,673 shares in the last quarter. Institutional investors and hedge funds 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.