Century Aluminum (NASDAQ:CENX) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other brokerages have also issued reports on CENX. B. Riley increased their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets increased their price objective on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Century Aluminum Stock Down 4.4 %

Shares of NASDAQ:CENX opened at $21.19 on Friday. Century Aluminum has a 1 year low of $6.55 and a 1 year high of $22.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.63. The business’s 50-day moving average is $16.44 and its 200-day moving average is $16.36. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 7.09 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The firm had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same period in the previous year, the firm earned ($0.13) earnings per share. Equities research analysts predict that Century Aluminum will post 0.56 earnings per share for the current year.

Institutional Trading of Century Aluminum

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in shares of Century Aluminum by 43.4% during the first quarter. BNP Paribas Financial Markets now owns 230,860 shares of the industrial products company’s stock worth $3,553,000 after acquiring an additional 69,910 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Century Aluminum by 2.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 1,102 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Century Aluminum in the first quarter worth approximately $601,000. Russell Investments Group Ltd. raised its stake 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 purchasing an additional 6,924 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Century Aluminum in the first quarter valued at approximately $163,000. Institutional investors 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.