Century Aluminum (NASDAQ:CENX – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.
Several other equities analysts have also recently weighed in on CENX. B. Riley dropped their price objective on Century Aluminum from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 9th. BMO Capital Markets dropped their price objective on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, August 9th.
Check Out Our Latest Stock Report on CENX
Century Aluminum Stock Performance
Century Aluminum (NASDAQ:CENX – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $560.80 million during the quarter, compared to analyst estimates of $530.90 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. Research analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current year.
Hedge Funds Weigh In On Century Aluminum
A number of institutional investors have recently modified their holdings of the business. MQS Management LLC raised its holdings in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after buying an additional 883 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of 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 buying an additional 1,102 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after buying an additional 1,233 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock worth $467,000 after buying an additional 1,335 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Century Aluminum by 104.1% during the 2nd 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 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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