Century Aluminum (NASDAQ:CENX) Hits New 52-Week High at $17.58

Century Aluminum (NASDAQ:CENX - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.58 and last traded at $17.29, with a volume of 121283 shares trading hands. The stock had previously closed at $17.09.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CENX. Wolfe Research upgraded Century Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Monday, December 18th. BMO Capital Markets lifted their price objective on Century Aluminum from $8.00 to $12.00 and gave the company a "market perform" rating in a research report on Wednesday, December 20th. StockNews.com upgraded Century Aluminum from a "sell" rating to a "hold" rating in a research report on Wednesday, February 28th. Finally, B. Riley raised Century Aluminum from a "neutral" rating to a "buy" rating and lifted their target price for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Price Performance

The company has a 50 day moving average price of $12.00 and a 200 day moving average price of $9.77. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -34.00 and a beta of 2.71. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its earnings results on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.53. The company had revenue of $512.30 million during the quarter, compared to analysts' expectations of $514.40 million. Century Aluminum had a positive return on equity of 5.18% and a negative net margin of 2.05%. As a group, equities research analysts forecast that Century Aluminum will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Century Aluminum

A number of institutional investors have recently made changes to their positions in CENX. State Street Corp grew its stake in shares of Century Aluminum by 87.9% during the second quarter. State Street Corp now owns 10,536,517 shares of the industrial products company's stock worth $77,654,000 after purchasing an additional 4,927,814 shares during the period. Millennium Management LLC grew its stake in shares of Century Aluminum by 471.7% during the second quarter. Millennium Management LLC now owns 1,341,811 shares of the industrial products company's stock worth $9,889,000 after purchasing an additional 1,107,112 shares during the period. Mountaineer Partners Management LLC acquired a new stake in shares of Century Aluminum during the fourth quarter worth $7,880,000. Dimensional Fund Advisors LP grew its stake in shares of Century Aluminum by 22.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,905,938 shares of the industrial products company's stock worth $39,058,000 after purchasing an additional 727,150 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Century Aluminum during the first quarter worth $17,607,000. 61.59% of the stock is owned by institutional investors and hedge funds.

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.