Century Aluminum (NASDAQ:CENX) Stock Price Up 5.5% - Here's Why

Shares of Century Aluminum (NASDAQ:CENX - Get Free Report) rose 5.5% on Friday . The stock traded as high as $19.33 and last traded at $18.72. 391,463 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,326,955 shares. The stock had previously closed at $17.75.

Wall Street Analyst Weigh In

CENX has been the topic of several recent analyst reports. B. Riley decreased their price target on Century Aluminum from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, BMO Capital Markets decreased their price target on Century Aluminum from $17.00 to $15.00 and set a "market perform" rating on the stock in a research report on Friday, August 9th.

Century Aluminum Stock Up 2.9 %

The stock has a market cap of $1.69 billion, a P/E ratio of 8.38 and a beta of 2.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72. The firm's 50-day moving average is $15.11 and its two-hundred day moving average is $16.17.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $560.80 million during the quarter, compared to the consensus estimate of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. On average, equities research analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Century Aluminum

A number of institutional investors and hedge funds have recently modified their holdings of CENX. Covestor Ltd raised its position in shares of Century Aluminum by 13,746.2% during the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 1,787 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after acquiring an additional 1,385 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 1,233 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company's stock worth $108,000 after purchasing an additional 6,924 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in Century Aluminum during the 1st quarter worth approximately $161,000. 61.59% of the stock is owned by institutional investors.

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.