Century Aluminum (NASDAQ:CENX) Stock Rating Upgraded by StockNews.com

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

Several other analysts have also issued reports on CENX. BMO Capital Markets cut 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 report on Friday, August 9th. B. Riley cut 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 report on Friday, August 9th.

Century Aluminum Price Performance

NASDAQ CENX opened at $18.26 on Tuesday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 8.38 and a beta of 2.48. Century Aluminum has a 1-year low of $5.70 and a 1-year high of $21.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. The business’s fifty day moving average price is $15.20 and its 200-day moving average price is $16.18.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts predict that Century Aluminum will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. MQS Management LLC raised 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 period. Texas Permanent School Fund Corp increased its stake in shares of 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 in the last quarter. GAMMA Investing LLC raised its position 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 during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Century Aluminum by 5.0% during 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 in the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Century Aluminum by 104.1% during 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.

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.