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

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a report released on Monday.

CENX has been the subject of several other research reports. BMO Capital Markets lowered 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 report on Friday, August 9th. B. Riley decreased their price objective on shares of Century Aluminum from $24.00 to $22.00 and set a buy rating for the company in a research note on Friday, August 9th.

Century Aluminum Price Performance

Shares of Century Aluminum stock opened at $13.56 on Monday. The stock has a 50 day moving average price of $16.04 and a 200-day moving average price of $15.05. Century Aluminum has a one year low of $5.70 and a one year high of $21.37. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 6.22 and a beta of 2.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.67.

Insiders Place Their Bets

In other news, CEO Jesse E. Gary sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the transaction, the chief executive officer now directly owns 62,447 shares of the company’s stock, valued at $1,012,265.87. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Century Aluminum

Several hedge funds have recently modified their holdings of CENX. Covestor Ltd raised its stake in Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,787 shares in the last quarter. GAMMA Investing LLC boosted its position in Century Aluminum by 199.8% during the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,918 shares in the last quarter. Quest Partners LLC grew its stake in Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Century Aluminum by 7,779.8% in the first 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 purchased a new stake in shares of Century Aluminum during the first quarter valued at about $161,000. Hedge funds and other institutional investors own 61.59% of the company’s stock.

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.