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

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

CENX has been the subject of a number of other reports. BMO Capital Markets dropped their target price on shares of Century Aluminum from $17.00 to $15.00 and set a "market perform" rating for the company in a research note on Friday, August 9th. B. Riley lowered their price target on shares of Century Aluminum from $24.00 to $22.00 and set a "buy" rating for the company in a report on Friday, August 9th.

Century Aluminum Price Performance

Shares of CENX traded up $0.29 on Tuesday, hitting $16.96. The company's stock had a trading volume of 744,114 shares, compared to its average volume of 1,333,611. The company has a market capitalization of $1.57 billion, a PE ratio of 7.78 and a beta of 2.48. Century Aluminum has a fifty-two week low of $5.70 and a fifty-two week high of $21.37. The company has a 50 day moving average price of $14.89 and a 200 day moving average price of $16.15. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63.

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

Hedge Funds Weigh In On Century Aluminum

Institutional investors have recently modified their holdings of the stock. MQS Management LLC boosted its stake in Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock worth $198,000 after acquiring an additional 883 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Century Aluminum by 2.5% in the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company's stock worth $697,000 after purchasing an additional 1,102 shares during the period. GAMMA Investing LLC boosted its position in shares of Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after purchasing an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Century Aluminum by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company's stock valued at $467,000 after buying an additional 1,335 shares during the period. Finally, Quest Partners LLC increased its position in shares of Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock valued at $45,000 after buying an additional 1,385 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

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.