Century Aluminum (NASDAQ:CENX) Shares Gap Down to $17.99

Century Aluminum (NASDAQ:CENX - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $17.99, but opened at $17.25. Century Aluminum shares last traded at $17.61, with a volume of 308,608 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on CENX. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a report on Wednesday, February 28th. B. Riley raised Century Aluminum from a "neutral" rating to a "buy" rating and raised their price objective for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Stock Down 2.4 %

The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.38. The firm has a 50-day simple moving average of $13.30 and a two-hundred day simple moving average of $10.52. The company has a market cap of $1.63 billion, a PE ratio of -34.98 and a beta of 2.71.

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

Institutional Investors Weigh In On Century Aluminum

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its holdings in Century Aluminum by 92.5% in the third quarter. First Eagle Investment Management LLC now owns 791,514 shares of the industrial products company's stock valued at $5,691,000 after acquiring an additional 380,324 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Century Aluminum in the third quarter valued at $1,992,000. Assenagon Asset Management S.A. boosted its holdings in Century Aluminum by 255.6% in the third quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company's stock valued at $2,522,000 after acquiring an additional 252,095 shares during the last quarter. Jump Financial LLC acquired a new position in Century Aluminum in the third quarter valued at $1,146,000. Finally, Los Angeles Capital Management LLC acquired a new position in Century Aluminum in the first quarter valued at $2,058,000. 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.