Century Aluminum (NASDAQ:CENX) Trading 7.5% Higher - Here's What Happened

Century Aluminum Company (NASDAQ:CENX - Get Free Report)'s stock price rose 7.5% on Monday . The company traded as high as $22.14 and last traded at $21.85. Approximately 1,170,875 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,680,013 shares. The stock had previously closed at $20.32.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

Century Aluminum Price Performance

The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.34 and a beta of 2.55. The business has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $18.29. The company has a quick ratio of 0.63, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CENX. Cambridge Investment Research Advisors Inc. boosted its stake in Century Aluminum by 60.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company's stock worth $773,000 after purchasing an additional 15,683 shares in the last quarter. GAMMA Investing LLC boosted its stake in Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after buying an additional 628 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Century Aluminum by 130.4% during the first quarter. Teacher Retirement System of Texas now owns 33,414 shares of the industrial products company's stock valued at $620,000 after purchasing an additional 18,909 shares during the period. New York State Common Retirement Fund lifted its stake in Century Aluminum by 21.3% in the first quarter. New York State Common Retirement Fund now owns 359,867 shares of the industrial products company's stock worth $6,679,000 after acquiring an additional 63,086 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in Century Aluminum by 3.4% in the first quarter. New York State Teachers Retirement System now owns 94,135 shares of the industrial products company's stock worth $1,747,000 after purchasing an additional 3,067 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

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.