Century Aluminum (NASDAQ:CENX) Stock Price Up 5.8%

Century Aluminum (NASDAQ:CENX - Get Free Report) shares rose 5.8% on Friday . The stock traded as high as $18.28 and last traded at $18.22. Approximately 286,009 shares were traded during trading, a decline of 80% from the average daily volume of 1,431,605 shares. The stock had previously closed at $17.22.

Analyst Upgrades and Downgrades

Several analysts have commented on CENX shares. BMO Capital Markets boosted their target price on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Century Aluminum from a "hold" rating to a "sell" rating in a research report on Friday, May 3rd.

Century Aluminum Stock Up 3.7 %

The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $15.76 and a 200-day simple moving average of $11.83. The stock has a market cap of $1.65 billion, a P/E ratio of 8.21 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 10.72% and a return on equity of 4.27%. Analysts expect that Century Aluminum will post 3.1 EPS for the current year.

Hedge Funds Weigh In On Century Aluminum

A number of institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Century Aluminum by 34.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company's stock worth $81,000 after acquiring an additional 2,899 shares during the last quarter. Strs Ohio raised its position in shares of Century Aluminum by 625.0% during the third quarter. Strs Ohio now owns 8,700 shares of the industrial products company's stock valued at $62,000 after buying an additional 7,500 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Century Aluminum by 35.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company's stock valued at $65,000 after buying an additional 2,405 shares during the period. Victory Capital Management Inc. grew its position in Century Aluminum by 8.4% during the third quarter. Victory Capital Management Inc. now owns 173,863 shares of the industrial products company's stock worth $1,250,000 after buying an additional 13,442 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Century Aluminum by 255.6% in the 3rd 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 in the last quarter. 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.