Century Aluminum (NASDAQ:CENX) Trading Up 3.4%

Century Aluminum (NASDAQ:CENX)’s stock price was up 3.4% during trading on Tuesday . The company traded as high as $17.78 and last traded at $17.23. Approximately 177,417 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,393,137 shares. The stock had previously closed at $16.67.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CENX shares. BMO Capital Markets lifted their price objective on Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.

Century Aluminum Stock Performance

The stock has a 50-day simple moving average of $17.10 and a 200-day simple moving average of $14.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 0.63. The stock has a market cap of $1.87 billion, a PE ratio of 9.26 and a beta of 2.52.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.20). Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. The firm had revenue of $489.50 million for the quarter, compared to analysts’ expectations of $520.30 million. Equities analysts predict that Century Aluminum will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Century Aluminum

In other Century Aluminum news, CEO Jesse E. Gary sold 60,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the transaction, the chief executive officer now owns 62,447 shares in the company, valued at $1,012,265.87. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CENX. Castle Hook Partners LP lifted its stake in shares of Century Aluminum by 1,147.0% during the first quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock worth $15,034,000 after purchasing an additional 898,554 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Century Aluminum in the third quarter worth about $1,992,000. Los Angeles Capital Management LLC acquired a new position in shares of Century Aluminum in the first quarter worth about $2,058,000. Perennial Advisors LLC acquired a new position in shares of Century Aluminum in the fourth quarter worth about $1,482,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Century Aluminum in the fourth quarter worth about $1,223,000. 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.