Century Aluminum (NASDAQ:CENX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Century Aluminum (NASDAQ:CENX - Free Report) from a hold rating to a buy rating in a research note released on Saturday.

Century Aluminum Trading Up 1.1%

NASDAQ:CENX traded up $0.21 on Friday, hitting $18.58. 1,374,433 shares of the stock were exchanged, compared to its average volume of 1,431,286. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.84. Century Aluminum has a 52 week low of $11.40 and a 52 week high of $25.39. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.75 and a beta of 2.55. The company's 50-day moving average price is $17.49 and its 200 day moving average price is $18.10.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in 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 during the period. Empowered Funds LLC increased its stake in shares of Century Aluminum by 1.8% in the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company's stock valued at $1,098,000 after acquiring an additional 1,069 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Century Aluminum in the 1st quarter valued at approximately $25,000. New Age Alpha Advisors LLC bought a new position in Century Aluminum during the 4th quarter worth approximately $39,000. Finally, Wellington Management Group LLP grew its holdings in Century Aluminum by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock valued at $7,499,000 after purchasing an additional 2,358 shares during the period. 61.59% of the stock is currently owned by 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.