Century Aluminum (NASDAQ:CENX – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $18.28, but opened at $18.80. Century Aluminum shares last traded at $18.60, with a volume of 326,813 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. B. Riley upped their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Tuesday, December 3rd. BMO Capital Markets increased their target price on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.
Get Our Latest Stock Analysis on Century Aluminum
Century Aluminum Trading Up 1.7 %
Century Aluminum (NASDAQ:CENX – Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31. The firm had revenue of $539.10 million during the quarter, compared to the consensus estimate 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 last year, the business posted ($0.13) EPS. Equities research analysts expect that Century Aluminum will post 0.62 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Jesse E. Gary sold 29,243 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. This represents a 36.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by corporate insiders.
Institutional Trading of Century Aluminum
Several hedge funds have recently bought and sold shares of CENX. Mountaineer Partners Management LLC raised its holdings in shares of Century Aluminum by 1,607.1% in the third quarter. Mountaineer Partners Management LLC now owns 22,849,097 shares of the industrial products company’s stock valued at $370,841,000 after purchasing an additional 21,510,639 shares during the last quarter. Geode Capital Management LLC grew its stake in Century Aluminum by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock valued at $20,774,000 after buying an additional 13,486 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company’s stock valued at $15,565,000 after purchasing an additional 319,164 shares during the period. Impala Asset Management LLC boosted its position in shares of Century Aluminum by 6.4% in the third quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock valued at $14,672,000 after acquiring an additional 54,000 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Century Aluminum by 16.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 621,300 shares of the industrial products company’s stock valued at $10,084,000 after purchasing an additional 89,621 shares in the last quarter. Institutional investors and hedge funds 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.
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