Century Aluminum (NASDAQ:CENX) Trading Up 3.6%

Century Aluminum (NASDAQ:CENX - Get Free Report)'s stock price was up 3.6% during trading on Wednesday . The company traded as high as $18.37 and last traded at $18.13. Approximately 247,088 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,446,345 shares. The stock had previously closed at $17.50.

Analyst Upgrades and Downgrades

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

Century Aluminum Stock Up 0.1 %

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 $12.73 and a 200-day simple moving average of $10.21. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -35.56 and a beta of 2.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its earnings results 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. Century Aluminum had a positive return on equity of 5.18% and a negative net margin of 2.05%. The company had revenue of $512.30 million during the quarter, compared to analyst estimates of $514.40 million. On average, sell-side analysts forecast that Century Aluminum will post -0.16 EPS for the current fiscal year.

Institutional Trading of Century Aluminum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Century Aluminum by 199.8% in the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company's stock worth $44,000 after purchasing an additional 1,918 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Century Aluminum in the first quarter worth about $2,058,000. Wellington Management Group LLP increased its position in Century Aluminum by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 169,574 shares of the industrial products company's stock worth $2,059,000 after purchasing an additional 5,064 shares during the period. Virtu Financial LLC acquired a new stake in Century Aluminum in the fourth quarter worth about $249,000. Finally, Price T Rowe Associates Inc. MD increased its position in Century Aluminum by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,968 shares of the industrial products company's stock worth $389,000 after purchasing an additional 1,022 shares during the period. 61.59% of the stock is currently 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.