Wall Street Zen Upgrades Century Aluminum (NASDAQ:CENX) to Buy

Century Aluminum (NASDAQ:CENX) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Century Aluminum Stock Up 1.1%

Shares of NASDAQ:CENX opened at $19.08 on Friday. The stock has a fifty day simple moving average of $17.42 and a two-hundred day simple moving average of $18.09. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.17 and a beta of 2.55. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Century Aluminum had a net margin of 5.17% and a return on equity of 19.06%. The company had revenue of $633.90 million for the quarter, compared to the consensus estimate of $643.80 million. On average, research analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new stake in shares of Century Aluminum during the first quarter valued at approximately $25,000. New Age Alpha Advisors LLC bought a new stake in shares of Century Aluminum during the fourth quarter worth $39,000. AlphaQuest LLC grew its stake in Century Aluminum by 2,889.3% in the 4th quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 2,427 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 2,909 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company’s stock valued at $101,000 after buying an additional 628 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

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.