Century Aluminum (NASDAQ:CENX) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX - Free Report) from a sell rating to a hold rating in a research report released on Friday.

CENX has been the topic of several other research reports. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Monday, February 24th. Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd.

Century Aluminum Stock Performance

CENX stock traded up $1.52 during trading on Friday, hitting $18.11. The company had a trading volume of 3,247,934 shares, compared to its average volume of 1,797,692. The firm has a 50-day moving average price of $19.22 and a 200-day moving average price of $18.52. Century Aluminum has a 1-year low of $11.12 and a 1-year high of $25.39. The firm has a market cap of $1.67 billion, a PE ratio of 5.73 and a beta of 2.67. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

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Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same period in the previous year, the firm earned $0.39 EPS. On average, analysts expect that Century Aluminum will post 2.76 earnings per share for the current year.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 29,243 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now directly owns 50,753 shares of the company's stock, valued at $962,784.41. This represents a 36.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new position in Century Aluminum during the 4th quarter valued at about $39,000. AlphaQuest LLC increased its holdings in Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 2,427 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Century Aluminum in the fourth quarter worth $54,000. Nisa Investment Advisors LLC increased its stake in Century Aluminum by 159.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Olympiad Research LP bought a new position in shares of Century Aluminum during the third quarter worth about $180,000. 61.59% of the stock is 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.