Century Aluminum (NASDAQ:CENX) Shares Gap Down to $17.99

Century Aluminum (NASDAQ:CENX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $17.99, but opened at $17.25. Century Aluminum shares last traded at $17.61, with a volume of 308,608 shares.

Analysts Set New Price Targets

CENX has been the subject of several research reports. B. Riley upgraded Century Aluminum from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $14.00 in a research report on Tuesday, January 9th. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th.

Century Aluminum Stock Down 0.9 %

The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -34.78 and a beta of 2.71. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $13.59 and a 200-day moving average of $10.65.

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

Institutional Trading of Century Aluminum

Several hedge funds have recently added to or reduced their stakes in CENX. First Eagle Investment Management LLC raised its stake in Century Aluminum by 92.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 791,514 shares of the industrial products company’s stock valued at $5,691,000 after acquiring an additional 380,324 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Century Aluminum during the 3rd quarter valued at $1,992,000. Assenagon Asset Management S.A. raised its stake in Century Aluminum by 255.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 252,095 shares in the last quarter. Jump Financial LLC bought a new stake in Century Aluminum during the 3rd quarter valued at $1,146,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Century Aluminum in the 1st quarter worth $2,058,000. 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.