Century Aluminum (NASDAQ:CENX) Trading 3.6% Higher

Century Aluminum (NASDAQ:CENX)’s stock price traded up 3.6% during mid-day trading on Wednesday . The stock traded as high as $18.37 and last traded at $18.13. 247,088 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,446,345 shares. The stock had previously closed at $17.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Stock Performance

The stock’s 50 day moving average price is $13.01 and its 200 day moving average price is $10.31. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -34.84 and a beta of 2.71.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. The company had revenue of $512.30 million during the quarter, compared to the consensus estimate of $514.40 million. Century Aluminum had a negative net margin of 2.05% and a positive return on equity of 5.18%. Analysts expect that Century Aluminum will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Century Aluminum

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Century Aluminum by 199.8% in the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,918 shares during the period. State of Wyoming bought a new position in Century Aluminum in the 2nd quarter valued at about $28,000. Allworth Financial LP bought a new position in Century Aluminum in the 4th quarter valued at about $68,000. Tower Research Capital LLC TRC raised its holdings in Century Aluminum by 410.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,324 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 5,888 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Century Aluminum by 26.1% in the 1st quarter. Captrust Financial Advisors now owns 7,395 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 1,529 shares during the period. 61.59% of the stock is 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.