Century Aluminum (NASDAQ:CENX) Sets New 52-Week High at $18.64

Century Aluminum (NASDAQ:CENX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.64 and last traded at $18.09, with a volume of 540152 shares changing hands. The stock had previously closed at $16.48.

Analyst Ratings Changes

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

Century Aluminum Trading Up 7.7 %

The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 1.25. The stock's fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $10.06. The firm has a market cap of $1.65 billion, a PE ratio of -36.08 and a beta of 2.71.

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

Hedge Funds Weigh In On Century Aluminum

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted 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 valued at $77,654,000 after purchasing an additional 4,927,814 shares during the period. BlackRock Inc. raised its position in shares of Century Aluminum by 4.1% in the 2nd quarter. BlackRock Inc. now owns 9,731,649 shares of the industrial products company's stock valued at $84,860,000 after purchasing an additional 387,221 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Century Aluminum by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,433,179 shares of the industrial products company's stock valued at $33,967,000 after acquiring an additional 446,228 shares during the period. Dimensional Fund Advisors LP boosted its position in Century Aluminum by 22.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,905,938 shares of the industrial products company's stock valued at $39,058,000 after buying an additional 727,150 shares during the last quarter. Finally, Mountaineer Partners Management LLC raised its holdings in shares of Century Aluminum by 11.5% during the fourth quarter. Mountaineer Partners Management LLC now owns 2,270,805 shares of the industrial products company's stock worth $27,568,000 after purchasing an additional 234,937 shares during the last quarter. Hedge funds and other institutional investors 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.