Century Aluminum (NASDAQ:CENX) Upgraded at StockNews.com

Century Aluminum (NASDAQ:CENX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Saturday.

CENX has been the subject of a number of other reports. B. Riley raised their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday. BMO Capital Markets raised their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Tuesday.

Century Aluminum Price Performance

Shares of NASDAQ CENX remained flat at $22.10 during mid-day trading on Friday. 1,261,690 shares of the company were exchanged, compared to its average volume of 1,182,955. Century Aluminum has a fifty-two week low of $6.25 and a fifty-two week high of $22.77. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.63 and a current ratio of 1.71. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 7.39 and a beta of 2.47. The company has a fifty day moving average of $16.12 and a two-hundred day moving average of $16.31.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.31. The firm had revenue of $539.10 million during the quarter, compared to analysts' expectations of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period last year, the firm posted ($0.13) earnings per share. As a group, analysts predict that Century Aluminum will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CENX. Vanguard Group Inc. boosted its stake in shares of Century Aluminum by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company's stock valued at $89,567,000 after buying an additional 39,900 shares during the period. Encompass Capital Advisors LLC raised its holdings in shares of Century Aluminum by 1,208.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company's stock valued at $23,477,000 after purchasing an additional 1,294,538 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Century Aluminum by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company's stock valued at $19,870,000 after purchasing an additional 276,304 shares in the last quarter. Castle Hook Partners LP raised its holdings in shares of Century Aluminum by 1,147.0% during the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company's stock valued at $15,034,000 after purchasing an additional 898,554 shares in the last quarter. Finally, Impala Asset Management LLC raised its holdings in shares of Century Aluminum by 20.6% during the 2nd quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company's stock valued at $14,238,000 after purchasing an additional 145,000 shares in the last quarter. Institutional investors and hedge funds 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.