Century Aluminum (NASDAQ:CENX – Get Free Report)’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.
Check Out Our Latest Stock Analysis on Century Aluminum
Century Aluminum Price Performance
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.
Recommended Stories
- Five stocks we like better than Century Aluminum
- Using the MarketBeat Dividend Tax Calculator
- How to Invest in Mutual Funds
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Chipotle Mexican Grill: Take a Bite of This Smoking Hot Deal
- 3 Small Caps With Big Return Potential
- Why O’Reilly Automotive Stock Could Be a Long-Term Winner
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.