Century Aluminum (NASDAQ:CENX) Shares Gap Down to $17.75

Century Aluminum (NASDAQ:CENX) gapped down prior to trading on Tuesday . The stock had previously closed at $17.75, but opened at $17.00. Century Aluminum shares last traded at $16.81, with a volume of 239,824 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CENX. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley raised shares of Century Aluminum from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th. Finally, BMO Capital Markets raised their price objective on Century Aluminum from $8.00 to $12.00 and gave the company a “market perform” rating in a research report on Wednesday, December 20th.

Century Aluminum Trading Up 0.1 %

The business’s 50-day moving average price is $12.88 and its 200 day moving average price is $10.26. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -35.02 and a beta of 2.71. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.38.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. The firm had revenue of $512.30 million for the quarter, compared to analyst estimates of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. On average, equities analysts forecast that Century Aluminum will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Century Aluminum by 87.9% during the 2nd quarter. State Street Corp now owns 10,536,517 shares of the industrial products company’s stock valued at $77,654,000 after buying an additional 4,927,814 shares during the last quarter. BlackRock Inc. boosted its stake in Century Aluminum by 4.1% during the 2nd quarter. BlackRock Inc. now owns 9,731,649 shares of the industrial products company’s stock valued at $84,860,000 after acquiring an additional 387,221 shares during the last quarter. Vanguard Group Inc. grew its holdings in Century Aluminum by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,433,179 shares of the industrial products company’s stock worth $33,967,000 after acquiring an additional 446,228 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Century Aluminum by 22.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,905,938 shares of the industrial products company’s stock worth $39,058,000 after purchasing an additional 727,150 shares during the last quarter. Finally, Mountaineer Partners Management LLC raised its stake in shares of Century Aluminum by 11.5% in the 4th quarter. Mountaineer Partners Management LLC now owns 2,270,805 shares of the industrial products company’s stock valued at $27,568,000 after purchasing an additional 234,937 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.