Century Aluminum (NASDAQ:CENX - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $18.28, but opened at $18.80. Century Aluminum shares last traded at $18.60, with a volume of 326,813 shares trading hands.
Analyst Ratings Changes
Several equities analysts recently issued reports on CENX shares. Wolfe Research upgraded shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 target price for the company in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. BMO Capital Markets raised their target price on Century Aluminum from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Finally, B. Riley lifted their price target on Century Aluminum from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th.
Check Out Our Latest Analysis on Century Aluminum
Century Aluminum Price Performance
The stock's 50-day simple moving average is $19.74 and its two-hundred day simple moving average is $17.60. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 6.27 and a beta of 2.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.
Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The firm had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. During the same period last year, the company posted ($0.13) EPS. Equities research analysts predict that Century Aluminum will post 0.62 earnings per share for the current year.
Insider Activity
In other news, CEO Jesse E. Gary sold 29,243 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares of the company's stock, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.68% of the company's stock.
Institutional Trading of Century Aluminum
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Century Aluminum by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after purchasing an additional 319,164 shares in the last quarter. Barclays PLC grew its holdings in Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company's stock valued at $1,581,000 after buying an additional 70,825 shares in the last quarter. Principal Financial Group Inc. increased its position in Century Aluminum by 17.0% during the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock worth $4,901,000 after purchasing an additional 43,881 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Century Aluminum during the 4th quarter valued at approximately $337,000. Finally, SG Americas Securities LLC purchased a new stake in Century Aluminum in the third quarter valued at $475,000. Institutional investors and hedge funds own 61.59% of the company's stock.
About Century Aluminum
(
Get Free Report)
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.
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