Century Aluminum (NASDAQ:CENX) Stock Price Up 7.9%

Century Aluminum (NASDAQ:CENX)’s share price was up 7.9% on Monday . The company traded as high as $13.62 and last traded at $13.60. Approximately 149,660 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,439,856 shares. The stock had previously closed at $12.61.

Analysts Set New Price Targets

A number of analysts recently weighed in on CENX shares. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Monday. B. Riley reduced their price objective on shares of Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, BMO Capital Markets reduced their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th.

Century Aluminum Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.67. The firm has a market capitalization of $1.31 billion, a P/E ratio of 6.28 and a beta of 2.52. The stock’s 50 day simple moving average is $16.17 and its 200 day simple moving average is $15.08.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 60,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total value of $972,600.00. Following the transaction, the chief executive officer now directly owns 62,447 shares in the company, valued at approximately $1,012,265.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Century Aluminum

A number of hedge funds and other institutional investors have recently modified their holdings of CENX. Covestor Ltd boosted 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 valued at $28,000 after acquiring an additional 1,787 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Century Aluminum by 199.8% in the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,918 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after buying an additional 1,385 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of 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 buying an additional 6,924 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Century Aluminum in the first quarter worth $161,000. 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.