Century Aluminum (NASDAQ:CENX) Trading 4.6% Higher

Shares of Century Aluminum (NASDAQ:CENX) traded up 4.6% during trading on Thursday . The stock traded as high as $16.06 and last traded at $16.00. 93,744 shares traded hands during trading, a decline of 93% from the average session volume of 1,376,633 shares. The stock had previously closed at $15.29.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.

Century Aluminum Stock Up 3.4 %

The firm’s 50-day moving average price is $17.16 and its 200-day moving average price is $13.56. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 7.57 and a beta of 2.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 0.63.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.20). Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. The business had revenue of $489.50 million during the quarter, compared to analyst estimates of $520.30 million. Sell-side analysts forecast that Century Aluminum will post 3.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Several large investors have recently made changes to their positions in CENX. GSA Capital Partners LLP acquired a new stake in Century Aluminum during the 3rd quarter valued at $1,992,000. Schonfeld Strategic Advisors LLC grew its holdings in Century Aluminum by 33.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 21,716 shares in the last quarter. Allworth Financial LP acquired a new stake in Century Aluminum during the 4th quarter valued at $68,000. Dimensional Fund Advisors LP grew its holdings in Century Aluminum by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock valued at $39,380,000 after purchasing an additional 42,167 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Century Aluminum by 26.4% during the 4th quarter. BNP Paribas Financial Markets now owns 160,950 shares of the industrial products company’s stock valued at $1,954,000 after purchasing an additional 33,621 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.